Word: coca-cola
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...meeting began at 9 a.m., most of the directors apparently had no intention of firing their chairman. The turning point came when Wyman, the sole CBS executive with a board seat, announced he had secretly begun negotiations that could lead to the sale of the $5 billion company to Coca-Cola. The stunned directors, all of whom were determined to keep CBS independent, asked Wyman to leave the room. Sometime after 5 p.m. two directors told Wyman that his backing among the group was gone. He then resigned his $680,000-a-year job and left the building...
port's main story, concurs: "There has been so much written about drugs recently that we thought it was time to step back and take a longer view. In 1900 people were bent out of shape over Coca-Cola because it contained cocaine. At the same time there is a serious problem here, and, the hype notwithstanding, we really are in the midst of a national crisis...
...case, this is hardly the nation's first drug crisis, nor will it be the last. Just as the U.S. periodically launches antidrug crusades, it regularly succumbs to new waves of forbidden indulgences. In the late 19th century, Americans swigged the true Classic Coke, Coca-Cola bottled with a dash of cocaine. A panicked nation banished cocaine to the shadows back then, but over the years new drugs -- from pot to heroin to LSD -- always seemed to come along, promising momentary escape and delivering long-term misery and waste...
Columbia, a Coca-Cola subsidiary, needs that kind of help. The studio's last - major hit was Ghostbusters, released two summers ago. It cost an estimated $35 million to make and has since earned more than $200 million. Columbia's major summer release, The Karate Kid Part II, has done well since it opened two months ago, pulling in gross revenues of about $94 million. But the film can not compensate for a two-year string of flops that included Perfect and The Bride...
...Coca-Cola...