Word: craig
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...highly personal kind of deal, done in a quiet hallway of a New York City hotel, man to man. The place was the Waldorf Astoria, and the players were Robert Allen, chairman of AT&T, and Craig McCaw, head of McCaw Cellular Communications. In the middle of an edgy negotiation, they had left their factotums, emissaries and lieutenants behind and paced the corridor together for just 20 minutes before shaking hands on a transaction in which the largest U.S. telephone company would buy the No. 1 provider of cellular service for $12.6 billion in stock. In the process, Craig McCaw...
...hold on their respective markets. By linking its own computerized telephone grid with McCaw's advanced cellular network, AT&T is expected to develop a broad menu of customized services. It could, for instance, bundle telephone handsets, long-distance and cellular service in a single package. With AT&T, Craig McCaw moves one step closer to realizing his biggest dream: building the first nationwide cellular-telephone network...
McCaw is itself the product of a series of acquisitions. The company grew out of a string of cable-television businesses that was put together in the 1960s by J. Elroy McCaw. After their father's sudden death in 1969, Craig and his brothers built a cable empire that they finally sold in 1987 to Jack Kent Cooke for $755 million. The McCaws had switched their focus to cellular, becoming initial bidders for cellular-telephone licenses after the Federal Communications Commission opened up that business to competition in the early 1980s. McCaw's big break came in 1986, when...
...Fugitive. During the scary parts, Elizabeth, 85, clutched the hand of her daughter-in-law Mary, 48, who enjoyed the movie's gloss on a favorite old TV show. The cat-and-mouse interplay of hunter and haunted had Trish, 26, scraping the polish off her fingernails. Craig, 12, appreciated the cinematic ingenuity of the mise en scene. And everybody loved the train wreck. The whole family had a good time at the movies. Maybe they'll all do it again real soon...
...billion since 1980 in modernizing their facilities. The giants have also slashed their labor forces from 375,000 workers two decades ago to about 125,000 today. All that has paid off in greater efficiency and better-quality steel. "For several years, we used 50% Japanese steel," says Craig Corrington, the manager of a Chrysler stamping plant that punches out steel hoods, roofs and fenders. "We did it because of the quality. Now that the Americans have closed that gap, it just makes more sense to buy domestically...