Word: expression
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Dates: during 1980-1989
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...Louis Harris poll shows that those who express "a great deal of confidence" in the press have decreased over the past 15 years from 29% to 19%. Another hint of popular displeasure may be the outsize $1.6 million libel award a jury gave the entertainer Carol Burnett when she won her suit against the National Enquirer. Nobody rushes to defend the shoddy gossiping of the Enquirer-beyond its First Amendment "right" to print it. Even though gossip and personality stories have become a major journalistic trend, the Enquirer does it to excess. The press has other, permanently hostile critics always...
...directly connected to the techniques of business at all. "The most important thing was simply being exposed to the state of the art-plus gaining confidence," says Cathleen Costello, 28, who got her M.B.A. from Columbia in 1979 and now works as a marketing manager at American Express. "M.B.A. schools don't necessarily teach you anything you can use," agrees Marcia Berss, 29, who graduated from Chicago last June to a job at more than $30,000 with the investment firm of A.G. Becker. "It's just that companies assume that if you have an M.B.A...
...American Express leaves home with Shearson...
...steak and wine dinner in the white and gold opulence of an executive dining room on the 106th floor of New York City's World Trade Center. It was big-very, very big-the biggest ever between two members of Wall Street's financial community. Giant American Express (1980 sales: $5.5 billion) and Shearson Loeb Rhoades, the second largest U.S. brokerage house (1980 sales: $653 million) agreed to merge. Terms: 1.3 American Express shares for each of Shearson's 16.3 million outstanding shares, an exchange worth $915 million at the time of the deal. Even Karl Maiden...
...American Express contribution to the deal was $19.7 billion in assets from traveler's checks, more than 12 million generally affluent credit card-holding customers, and 44,000 employees in 1,000 travel offices and 77 international bank branches and investment offices. American Express also has some less well-known holdings, including a 50% interest in a cable television subsidiary of Warner Communications and total control of giant Fireman's Fund Insurance (1980 sales: $3 billion). Shearson's main offerings to the merger were 11,000 employees in 270 U.S. and overseas branches, plus $8 billion...