Word: coca-cola
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...real-life corporate drama in Atlanta may not have given much competition to TV's Dallas, but it was intriguing nonetheless. The story began a year ago with an unexpected exit at the Coca-Cola Co., the world's largest soft drink maker (1979 sales: nearly $5 billion). Though he was five years away from retirement age, the company's popular president J. Lucian Smith abruptly quit. A genial Mississippian who died in July at 61 from a heart attack, Smith had reportedly told friends that his job "just wasn't fun any more." Some insiders...
...late May the company's 15 directors were summoned by Austin to a special meeting. There they elected a new president: Roberto C. Goizueta, 48, a Cuban-born and Yale-educated chemical engineer who has worked for the company, mainly in technical and administrative jobs, since 1954. Most Coca-Cola watchers assumed that it would be a while before he would be declared the successor of Austin. At 65, Austin had been Coke's chief for 14 years and had already had his retirement postponed for a year, evidently to allow time to groom a successor. But last...
...couple of years back, when the summiteers met in Bonn, Jimmy Carter smiled. Little else. Germany's Chancellor Helmut Schmidt sat down the table from the U.S. President and swirled Coca-Cola around in his wine glass and looked with contempt along his tilted nose at Carter. Schmidt dominated the personalities, France's Valéry Giscard d'Estaing was clearly second, and Carter was down there some place with Britain's jolly James Callaghan, who did not survive Margaret Thatcher's political assault, who did not survive Margaret Thatcher's political assault...
...Journal's looks at corporate America can send a company's stock tumbling and its executives packing. Reporter John Koten's series this year on executive jockeying at Coca-Cola was especially noteworthy, and not just for the trove of confidential and embarrassing information it turned up. Coke Chairman J. Paul Austin, who was probably more red-faced than anyone, also happens to be a director of Dow Jones. Appearing often on Page One too, are offbeat profiles (an industrial spy, an Alaskan fur trapper), social problems (inflation's ravages, the trials of the elderly...
...Coca-Cola Heiress Frances Woodruff of Atlanta is said to be the oldest woman ever to ride and fly a hang glider. In Pampa, Texas, Plumber Ronnie Farmer, 29, ate 100 hot jalapeno peppers in 15 minutes, destroying the previous record (94 in 111 minutes) and probably his innards as well. In Japan, Hideaki Tomoyori has learned to carry the mathematical formulation pi (3.141 etc.) to 20,000 places, putting to shame his own earlier record of 15,151 places...