Word: davidson
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...dummy insurance company in Bev erly Hills, Calif. Called Fidelity Financial Consul tants, the "firm" was run by Joseph Hauser, a convicted insurance swindler who was cooperating with the FBI in hopes of gaining early pa role. Hauser was introduced to Marcello by a Washington lobbyist named I. Irving Davidson; the Mafia don allegedly agreed to try to bribe Louisiana officials to obtain insurance contracts for Fidelity and then split the commissions with Hauser and Davidson...
TIME OF DESECRATION by Alberto Moravia; Translated by Angus Davidson Farrar, Straus & Giroux; 376 pages...
...firm's mandatory executive retirement age of 65, and James R. Shepley, who will then be 63, steps down as president. (Shepley will remain a director, chairman of the executive committee and chairman of the Washington Star, a Time Inc. subsidiary.) At the same time, Ralph P. Davidson, 52, now a vice president and director, will become chairman of the board, reporting to Munro. Another vice president and director, Clifford J. Grum, 45, moves up to executive vice president. Says Heiskell: "They make a team that, if successful, has a chance for a good ten-to twelve-year...
...Davidson, the new chairman, is an alumnus of Stanford University, former managing director of TIME International and publisher of TIME magazine for six years, during which it prospered handsomely. "An internationalist, a salesman, an executive," Heiskell says. "He's as comfortable in Mozambique, London or Australia as he is in New York or skiing in Sun Valley." Davidson will represent the company to the outside world and supervise Time Inc.'s dealings with Washington, foreign and local governments, and business groups...
...Munro, Davidson and Grum are all former magazine publishers, but unlike their two predecessors, they are not former newsmen (Heiskell began as a science editor at LIFE and Shepley served as Washington bureau chief for TIME). The new top executives emphasized, however, that they would retain Time Inc.'s commitment to quality publishing. "I'm not a journalist, but I've got ink in my veins too," says Munro. "It's the magazine group that makes this company different." While publisher of TIME, Davidson worked closely with the editors in the magazine's development...