Word: elliott
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While fertilizing a soybean field last week, Lowell Elliott happened upon an American Airlines bag containing $500,000. The Peru, Ind., farmer had heard that authorities were looking for a skyjacker who had parachuted out of a Boeing 727, so he turned the money...
Airline officials got their money back shortly before the authorities nabbed the skyjacker. In gratitude to Farmer Elliott, American offered him and his wife a trip to Hawaii or whatever distant paradise piqued their fancy. Though he is demonstrably honest, Elliott, 61, also drives a hard prairie bargain. He did not much feel like a trip, he said, and anyway his wife will not fly a crop-dusting plane to the next county, much less a 747 to Honolulu. Elliott told American officials, "I'd like to get the cash reward...
Done, said American, and they sent round Frank Bodwell, their regional sales manager for that area, with a check for $10,000. Said Elliott: "I don't think I'll take it today." He indicated that he might accept 5% of the ransom money, "but 10% would be better." The bewildered Bodwell returned to consult his superiors, leaving Elliott to sit a spell on his back porch. And if the offer is not renewed? Says Elliott: "Well, I guess I'm out of luck then...
Hard to Follow. If Lansner's surrender of the editor's chair was a surprise, so was the selection of his successor: Osborn Elliott, 47, who was also Lansner's predecessor. In 1969, Lansner took charge of the weekly routine, while Elliott assumed the title of editor in chief and later became president as well. As recently as this spring, Elliott moved still deeper into the business side when he became board chairman in an executive reshuffle (TIME, April 10). He will retain the title of chairman and chief executive officer...
Many staffers greeted the latest change as good news. During nine years as editor, Elliott was popular with the staff. Said one writer: "When Oz was running it, the magazine did very exciting things. Everyone wondered who could replace him. It turns out that the best replacement...