Word: coupe
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Dates: during 1990-1999
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...reforms. In his other show of clout, Yeltsin chose to disband a 5,000-strong police force controlled by one of his major rivals, legislative speaker Ruslan Khasbulatov. Ironically, the so-called Cardinal's Guard was originally formed to protect the Russian legislative building after last year's failed coup. Yeltsin began calling the force an "illegal armed unit" after it was deployed at the offices of the newspaper Izvestia -- once the official Soviet mouthpiece but today a Yeltsin bastion whose ownership is at the center of a dispute among hard-line lawmakers, the government and the newspaper...
...Procter & Gamble chairman and leader of the directors aligned against Stempel. But GM's problems go back to the free-spending 1980s, when the company invested billions in computer and aircraft firms rather than finding new ways to build better cars, and it will take more than a boardroom coup to turn that around. (See Cover Stories beginning on page...
...only interview Smith granted after last week's coup, he bristled at such criticism and sought to burnish his legacy, telling the Detroit Free Press that Electronic Data Systems, which GM bought in 1984 for $2.5 billion, is now worth seven times that amount and that Hughes Aircraft ($5 billion in 1985) has doubled in value. "That's not too shabby," Smith said. "I think I gave GM a little bit of money to see 'em through...
...inside look at the crisis within the world's largest automaker, where directors carried out a boardroom coup that could hasten the elimination of 120,000 jobs...
Even then, Stempel showed flashes of defiance, disdaining an offer that would have allowed him to save face by resigning for health reasons. Instead, he laid the cause of his departure at the feet of the directors, thereby calling attention to the board's handling of the coup they seemed to be planning. Declaring that "the effects of rumor and speculation" had crippled his chairmanship, Stempel stepped down on Oct. 26 from the helm of the world's largest company...