Word: firm
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They were the odd couple atop the world's largest industrial corporation. One was a consummate organization man who had risen fast by mastering the bureaucracy of a giant company, the other a feisty free spirit who had built a billion-dollar firm from scratch. For two years everyone had wondered what would become of the uneasy chemistry between General Motors Chairman Roger Smith, 61, and H. Ross Perot, 56, the company's largest shareholder...
...partnership had once seemed so promising. Both men shared the same vision and goal: to use technology to thrust General Motors boldly into the 21st century. When GM in 1984 bought Dallas-based Electronic Data Systems, the computer-services firm that Perot had founded, Smith was trying to inject high-tech know-how and a can-do spirit into a stodgy company. But the job of grafting an entrepreneurial operation onto a highly departmentalized, regimented and unionized organization proved to be more troublesome than anticipated...
Springsteen's known charitable contributions, substantial though they are, amount to only a small fraction of his income. What he does with the rest is a mystery to almost everyone except the staff of Breslauer, Jacobson and Rutman, the Los Angeles accounting firm that discreetly handles many of Springsteen's business affairs. At the firm's elegant quarters on Wilshire Boulevard, a TIME reporter was warned that he would be "thrown out of the office" if he persisted with questions about the Boss's finances...
When Secord left Government service in 1983, he became president of Stanford Technology Trading Group International, based in Vienna, Va. He formed that company together with Albert Hakim, an Iranian-born arms dealer who runs a California electronics firm started up in the 1970s to sell sensitive U.S. technology overseas. Stanford Technology has had intriguing connections in Switzerland. There was a Stanford Technology Corp. in Geneva and a Stanford Technology Services in Freiburg. The Geneva firm had the same address as the Compagnie de Services Fiduciaires (C.S.F.), which the Times of London identified as the repository for $18 million...
...been used in 1984 by the CIA and the Federal Drug Enforcement Administration in a sting operation designed to show that the Sandinistas were dealing in cocaine. The CIA's hand is evident in other secret air operations related to the Nicaragua conflict. Southern Air Transport is a Miami firm that was wholly controlled by the CIA until 1972. The State Department confirmed that it had used Southern Air to fly part of the legal $27 million in nonmilitary supplies from the U.S. to the contras. The department said it had no responsibility for the fact that after unloading this...