Word: czars
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Dates: during 1980-1989
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...what amounts to the largest business enterprise in the world. Every day the 170,000 Pentagon employees who report to him sign some 56,000 contracts with private firms ranging from industrial giants like General Dynamics, Boeing and General Electric to tiny subcontractors. As the Pentagon's procurement czar, Costello will buy goods and services worth $170 billion this year. He must also oversee the costs of 2,600 weapons systems, as well as a bewildering variety of research and development projects. "Make no mistake," says Costello's boss, Defense Secretary Frank Carlucci, "Bob is undertaking one of the most...
Michael Milken of Los Angeles, the controversial czar of junk bonds, seems just the kind of free-enterpriser the Soviet Union might single out in a blast against capitalism's excesses. Yet Milken now fancies the Soviet Union as a potential client for his fast-lane financial advice. So far, Milken, 41, a centimillionaire and resident wunderkind at the investment firm Drexel Burnham Lambert, has got little further than meeting Mikhail Gorbachev in a crowded room, when the Soviet leader visited Washington and talked with a group of U.S. business executives. But Milken, still pursuing a deal, disclosed...
...Davis seem to have mined every shiny nugget in the Hollywood Hills. Could any screenwriter have written funnier lines, for instance, than those of Lewis J. Selznick, one of the pioneer moguls? A victim of anti- Semitism in his native Russia, Selznick nonetheless had a forgiving nature. When Czar Nicholas II was deposed in 1917, he sent him a cable: "When I was a poor boy in Kiev some of your policemen were not kind to me . . . stop I came to America and prospered stop now hear with regret you are out of a job . . . stop feel no ill will...
...Nabila is not for ordinary billionaires. This gilded 282-ft. yacht marks its owner as reigning king of the big spenders. And who might that be now? Last week it was confirmed that the new skipper is Donald Trump, 41, the Manhattan skyscraper builder and casino czar. Trump paid nearly $30 million for the liner, which contains 15 suites, a disco, pool, helipad and 296 phones...
...baseball solved a strike in two days, with Commissioner Peter Ueberroth shyly accepting most of the credit. To fuzzy suggestions that he somehow ought to ride to a similar rescue, Football Czar Pete Rozelle responds, "I don't think anyone can go in and wave a magic wand and have it ; settled." Sighing glumly, he adds, "I'm not a knight on a white horse...