Word: elderly
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...presidents framed the proceedings in a mute, touching way. George Bush the Elder acted the proud, mellow father in a non-speaking part. Ronald Reagan could not come to Philadelphia, for melancholy reasons. Gerald Ford had a stroke in the midst of the convention. Extinct volcanoes. One generation passeth away. George and Laura Bush made much of their daughters' going off to college, which is, so to speak, where the boomers came in and the movie began. So the generational cycle is, belatedly but convincingly, accomplished...
Unsympathetic to Bush: One of the reasons that Bush the Elder lost in 1992 is that his administration was intellectually sclerotic - after 12 years in power, the Republican White House not only had no new ideas, it scarcely had a capacity to think at all. The presidency had become a Republican entitlement, a fat city country club. Who wants a restoration of that? Both Gore and Bush invite dynastic metaphors: Gore represents continuation of the House of Clinton. In choosing Cheney, W. implies the restoration of the House of the Georges, the status quo ante, a return to the land...
...Marshall-Chapman and the other owners of nearly 13 million family-owned businesses in the U.S., the decision about how to pass the corporate torch gracefully to the next generation is an exercise in reason over emotion, usually coupled with legal wrangling and considerable financial finesse. From the elder generation's point of view, you want to make sure you will be taken care of in your golden years. At the same time, the business must be passed on in a way that helps ensure both its continued success and the financial welfare of the younger generations who rely...
...drawn up between family members. That was how Bruce Carlow, 54, took over Trio Hardware, a store his father Bernie started in 1963 in Plainview, N.Y. With 15 full- and part-time employees, Trio Hardware currently generates $1.2 million a year in revenues. The deal prevented the elder Carlow from selling the store out from under his son, by giving Bruce the right of first refusal should a sale be contemplated. In return, Bruce agreed to pay his father $2,500 a month plus 7% interest over a 10-year period and to retain him under the company's health...
...elder Bush proposed his theory the other day in a long, occasionally hilarious interview he gave, along with his wife, Barbara, to The New York Times' Frank Bruni. The interview took place at the Bushes' family compound in Kennebunkport, Me. The obstreperous Mrs. Bush kept interrupting her husband in order to fire stray shots at Al Gore, and the former president would testily shush her. "What are you doing?" he asked her at one point. "You're not going to be in this interview if you're going to start talking like that. George will call...