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Terence J. Fox made his fortune producing Champale, a malt liquor that mimics champagne. Now Fox's downfall may come from a more expensive kind of kick: cocaine. Last week Fox, the chairman of Greenwich, Conn.-based Iroquois Brands (1984 sales: $142 million), pleaded innocent to charges of possessing $8,000 worth of cocaine. Police arrested the executive, 47, and a female companion in a Hartford hotel earlier this month after the officers allegedly spotted the drug lying openly on a bed. Police claim they also found equipment used to smoke the substance, a process called free-basing that produces...
...Basketball Association (1949-63) who despite his sketchy knowledge of the game helped to lay the foundation for the professional sport, notably by shifting it out of high school gymnasiums into spacious arenas and by negotiating the league's first TV contract ($3,000, in 1954); in New Haven, Conn...
...tell my students that my personal opinions are irrelevant and will, I hope, remain unknown to them. Although I am more educated than they, I am not necessarily more intelligent. Thus I ought to teach the subject matter and let them form their own opinions. Henry N. Bousquet Clinton, Conn. Unmanly Tears...
When Donald Burr was in high school, he told everyone he wanted to become a clergyman. Growing up in the 1950s in the tidy town of South Windsor, Conn., the boy saw his local Congregational church as the most admirable kind of organization. It was free and feisty, yet disciplined in its work. Burr instead embarked on a career that led him to found a free and feisty airline, People Express...
...isocyanate at its plant in Bhopal, India, killed 2,500 people and injured more than 20,000 in December 1984, Union Carbide has been locked in one battle after another. Even as it faces up to $100 billion in lawsuits filed on behalf of the Bhopal victims, the Danbury Conn.-based firm (1984 sales: $9.5 billion) is struggling to fend off a hostile takeover by GAF (1984 sales: $731 million), a manufacturer of building and chemical products. In a defensive move, Carbide decided last week to sell its consumer businesses for some $2 billion. That will help the firm raise...