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...broadcast journalism's earliest pioneers and, as the autocratic leader of the Columbia Broadcasting System for more than half a century, a major figure in its growth from a fledgling business into a billion-dollar industry. Last week William S. Paley, who will be 81 in two weeks, announced that effective next April 20, he will resign after 37 years as chairman of CBS Inc. Paley told TIME Correspondent Janice Simpson, "I've been thinking about it for a long time, but it came to a point in my mind now, and so I decided to announce...
...Mitterand's government had on Aug. 10 warned the four French-based pipeline suppliers that they would be "requisitioned" if they bowed to U.S. pressure. Last week Dresser-France was told that it would be the first to be taken over because its Soviet contracts called for the earliest delivery of equipment. Complained John James, chairman of the Texas parent firm, which lost an eleventh-hour battle to block...
Sennett's earliest books on the conflicts of urban life suffered from a surfeit of youthful idealism, but he struck a more original lode in The Fall of Public Man (1977). In the 18th century, according to his theory, men enjoyed a public life that was quite different from their private lives; they dressed in street costumes that identified them not only by caste but by profession; they felt at ease in talking to strangers but keeping them at a distance. During the 19th century, partly as a result of the pressures of industrialization, private life came...
...still evolving when Ungeheuer had to deal with news that Citicorp was bidding for the Fidelity Savings & Loan Association. "I had seen the move coming two years ago, when Citicorp Chairman Walter Wriston indicated to me that Citibank would be reaching out for a savings and loan at the earliest opportunity," said Ungeheuer. He went to work on the Citicorp story as well. In the meantime, TIME'S editors decided a separate story was needed on interest rates to augment the Wall Street coverage; Ungeheuer was asked to contribute to that. Then on Thursday, "I had to start reporting...
Industrial espionage is hardly a new phenomenon. Since earliest times, in fact, it has been a source of fear and the cause of extraordinary precautions. The ancient Chinese were so eager to preserve the secret of silkmaking that they prescribed death by torture for revealing it to outsiders. In 1790 Samuel Slater evaded English laws against exporting textile manufacturing plans by memorizing the layout of a mill to build the first cotton-yarn factory in America...