Word: cocas
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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...
...personally designed and decorated by Paley. Wyman and other senior executives briefed the directors on CBS's prospects and strategy. The presentation was later described by some of those present as lackluster. But it contained a bombshell: at the outset Wyman asked the board to authorize continued negotiations with Coca-Cola over the purchase of CBS. By implication, that meant he had already held talks of some kind; a Coca-Cola spokesman later volunteered that "there was contact, but there was nothing of substance in those contacts...
...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...
Cocaine first became popular in America in the late 19th century. Parke- Davis, the U.S. pharmaceutical company, sold at least 15 products with cocaine, including cigarettes, cheroots, and coca skin salve and face powder. At the time an estimated 1 in 400 Americans used opiates regularly...
...other side of the world, along the spine of the Andes in Bolivia, Peru, Colombia and Ecuador, both the lower and middle classes have begun smoking coca paste, a potent and addictive form of cocaine that costs only pennies a cigarette. "These countries have never had a problem like this before," says Manuel Gallardo, chief of the Department of State's Bureau of International Narcotics Matters. "Their people are getting strung out right and left from all social classes, and the governments don't know what to do." Drug dealers are so high-handed in Colombia that last week they...