Word: digest
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...year the amount may reach $1 million. His Wash ington-based Sculpture Placement organization will put on twelve shows this year at urban plazas, resort hotels, corporate headquarters and airports. They are not aimed only at collectors. "We do some advertising in ARTnews, but we also advertise in Architectural Digest, " says Johnson. "That's where the money and power for outdoor sculpture is." In the art world Johnson has been as much a patron as a producer. He has provided substantial funding for the International Sculpture Center, a Washington arts foundation, and created a subsidiary, the Public Art Trust...
Riboud and his company, however, now face stiff challenges. The drop in oil prices has pared Schlumberger's profits, and the firm is still struggling to digest its 1979 acquisition of Fairchild Camera & Instrument, an ailing semiconductor maker. Riboud, who has been granted the right to stay on beyond 65, may face his toughest test when he finally steps down. Says he: "To leave Schlumberger would be like trying to shake an oyster off a rock...
...hazards of the multiplicity of new TVs is that manufacturers are dazzling customers with more gimmicks and gimcracks than an average viewer needs or can afford. One of the General Electric TVs introduced earlier this month bristles with 35 buttons. Says David Lachenbruch, editorial director of TV Digest: "Consumers are confused, intimidated and overwhelmed by all the blinking lights and digital readouts...
DIED. Lila Acheson Wallace, 94, ebullient, strong-minded co-founder and -owner of Reader's Digest, with her late husband DeWitt Wallace, and one of America's greatest philanthropists; in Mount Kisco, N.Y. The couple met in 1920 when he was struggling to start his new venture, and she began married life stuffing solicitation envelopes in a Greenwich Village basement. As the Digest quickly prospered, she kept her editorial influence largely indirect. But it was she who took the lead in the childless Wallaces' vast (more than $60 million over 30 years) charitable efforts. Personally overseeing many...
...rectification" campaign requires all party members endure selfcriticism, attend weekly study sessions and digest three volumes of prescribed readings. All, ironically, are techniques pioneered and perfected by Mao (who once declared, "Selfcriticism is like eating dogmeat: if you haven't tried it, you don't know what you're missing"). But the reformers have taken care to avoid the mass rallies, shrill tirades and media fanfare of purges past. Says a Peking party functionary: "Deng doesn't want this to develop into a movement that will create chaos and instill fear...