Word: fe
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Dates: during 1980-1989
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...corporate stationery had been changed. The quarterly report spoke of "a dynamic future" for "two strong, compatible companies." Indeed, the 1983 merger of the Santa Fe and Southern Pacific railways was a done deal. Well, almost done. After pondering the matter for 2 1/2 years, the Interstate Commerce Commission unexpectedly rejected the merger last week, declaring that it would be anti-competitive. Had the deal been approved, Santa Fe Southern would have become the third largest railroad in track miles (25,000), behind Burlington Northern...
Although the ICC ruling was a shock to Santa Fe officials, the Chicago- based company will not be devastated. Real estate, not railroads, accounted for the bulk of its 1985 revenues of $6.4 billion. The same, however, cannot be said for the less diversified Southern Pacific (1985 revenues: $2.5 billion), which has barely made a profit over the past three years. Before the merger, Southern faced bankruptcy, and that could once again be a possibility...
Since late 1984, sanctuary churches from Santa Fe, New Mexico to New York City have been broken into. In many break-ins, files have been examined while valuable equipment has been left behind...
...winter. (Harry calls this "absurd.") But in 1983, according to his adversaries, Harry John began to behave oddly in far more significant ways, funneling $3 million into underwater treasure hunts, paying employees $100,000 salaries and spending $100 million to launch a still inconsequential television company known as Santa Fe Communications to spread the Catholic word worldwide. Harry, says Erica, had gone "Hollywood" in 1983-84, tooling around Los Angeles in a Lincoln Continental and indulging in $500 dinners. He also moved to Las Vegas and divorced Erica, claiming "irreconcilable differences." Erica and her co-plaintiff, former Marquette University Professor...
Harry contends that the real motive for the lawsuit is a church effort to control his Santa Fe Communications. "The hierarchy of the Catholic Church wants to run any Catholic network," he says. Indeed, Erica has testified that in 1984, Vatican Ambassador to the U.S. Pio Laghi hinted that church recognition might be withdrawn from Santa Fe Communications "if we didn't do something right away" about Harry's antics. Erica also stated that shortly before the trial began, Mother Teresa expressed her support...