Word: cunningham
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...Cunningham quits Seagram
...Mary Cunningham was talking to reporters again last week. The story this time: her resignation from Seagram distillers, effective this week after 21½ years with the company. In keeping with her status as America's best-known businesswoman, she wanted to tell her side, and the press wanted to hear...
...reason she quit, said Cunningham, 32, was to devote herself full time to Semper Corp., the venture-capital firm that she co-founded with former Bendix Chairman William Agee, 45, in June 1982, the same month the two were married. She said her job at Seagram, developing a strategic plan for its wine business, culminated last month with Seagram's announcement of plans to buy Coca-Cola's Wine Spectrum division for about $200 million. But Cunningham's efforts to take partial credit for the purchase were met with skepticism from some industry observers. Moreover, Seagram Chairman...
...wines, Seagram's (fiscal 1982 sales: $2.8 billion) was trying to figure out how to expand its wine business, which includes the Paul Masson brand. Its distilled liquor sales have been flat or falling, in part because Americans are drinking more wine. Former Bendix Executive Mary E. Cunningham, who joined the company in 1981 as a vice president of strategic planning, presented a report last year suggesting that Seagram's could reap larger profits in wine. The study mentioned three potential acquisitions, one of which was the Wine Spectrum. When Seagram's began hearing industry talk that...
...hours after Cunningham left the docks at Haifa, 400 Jews gathered at the Tel Aviv Museum under the watchful eyes of Haganah Bren-gunners. The 13 men who would rule the new Jewish state sat down at a long table on a raised dais. Over their heads were white Zionist flags bearing two pale blue stripes and a blue Star of David. The assemblage rose to sing the Zionist anthem Hatikvah-"The ancient longing will be fulfilled, to return to the land . . . of our fathers...