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...wily financier played out his hand, a third potential offer for TWA suddenly arose from a group of the airline's workers, led by white-collar, non-unionized employees. Advised by Christopher Bond, a former Governor of Missouri, this faction had reportedly raised more than $1 billion in the financial markets of Western Europe in an effort to top the Icahn and Lorenzo bids...

Author: /time Magazine | Title: Closing In:Carl Icahn encircles TWA | 4/18/2005 | See Source »

...been costing the company an estimated $17 million a day. While the price tag on the new contract will be a daunting $1 billion over the next three years, the company was in no position this time to play tough with its workers. Morale has suffered because blue-collar employees felt they were missing their share of the company's bounty. The firm last year had profits of $2.4 billion, and is expected this week to announce hefty third-quarter earnings. Said Reno Pietrantoni, 53, a millwright who has worked 26 years for Chrysler: "The bonus is really a drop...

Author: /time Magazine | Title: An Early Christmas at Chrysler | 4/18/2005 | See Source »

...some reason, the oil companies set their headquarters in Midland, giving the town a white-collar image, while the field hands clung to Odessa, lending it a blue-collar air. When high school football came along (to continue our ton of history in a thimble), it meant that every Thanks-giving the bosses' sons played the sons of the laborers. Through the years things changed--both towns now sport enough alabaster shirts to have a lot of ring around the collar in the summertime--but the deep and abiding rivalry over high school football remained white...

Author: /time Magazine | Title: In Texas: The Only Game in Town | 4/18/2005 | See Source »

...Force jet touched down at Andrews right on time, at 8:40 a.m. When Diana and Charles stepped out of the plane into sparkling sunshine, the crowd of 4,000 royalty oglers let out a deferentially reserved hurrah. Diana, dressed in a radiant red suit with a white shawl collar and wearing an oversize red fez, was clearly the cynosure...

Author: /time Magazine | Title: The Royal Couple Drops In | 4/18/2005 | See Source »

...tailoring. "I, for one, loathe conformity," he announces, before setting down the boundaries of permissible audacity. A tie may be anywhere from 52 to 58 inches long. Ties are ideally 3¼ inches wide, but those from 2¾ to 3½ inches are also "acceptable." There are seven collar styles that pass dress-shirt muster; 6 inches of shirt should hang below the waist; and the monogram--if there is one at all--should be rendered with ¼ inch letters placed 5 or 6 inches above the waist. Jacket lapels should be 3½ inches wide, and there should be half an inch...

Author: /time Magazine | Title: Living: A Scye Is Just a Scye | 4/18/2005 | See Source »

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