Word: firmed
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Dates: during 1980-1989
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...Bush is "firm in his belief that a new President shouldn't go off half- cocked," says a senior White House aide. "He has repeatedly said, 'I'm not going to make one of those big early-term mistakes like the Bay of Pigs.' " Yet faced with a political upheaval in the Soviet Union and its spillover in Europe, Bush seems almost recklessly timid, unwilling to respond with the imagination and articulation that the situation requires. "He is supposed to lead, but he is not even really trying yet," complains a British diplomat...
...could see a coal miners' strike nowadays. ( No goons with clubs. No beatings. No gunfire (except for an occasional harmless lapse). Instead, in a remote corner of southwestern Virginia, 1,400 striking miners -- and even their wives and kids -- were all decked out in jungle fatigues. A public relations firm was pumping out pamphlets excoriating the bosses. Strike leaders with beepers, walkie-talkies and cellular telephones were blasting orders, tuning in scanners to chart the movements of the state police and faxing messages to union headquarters in Washington. And get this, John L.: the union actually launched a stockholders' proxy...
Last week Sorrell was on the attack again, singling out one of the oldest and most venerable names in U.S. advertising. In an unwelcome bid, the Briton proposed to pay $730 million to acquire the Ogilvy Group, which owns Ogilvy & Mather, the fifth largest U.S. advertising firm. The agency, which created the Man in the Hathaway Shirt campaign and today's sleek celebrity ads for American Express, has been independent since it was founded in 1948. If Sorrell were to succeed in taking over Ogilvy, his combined empire (estimated annual billings: $13.5 billion) would rank a close second to Britain...
...London retailing executive, and a graduate of Cambridge University and Harvard Business School, Sorrell worked in posts ranging from sports promotion to food retailing before landing a job with the Saatchis in 1977. He spent eight years helping manage that firm's headlong growth, then left to build his own empire. Sorrell and a partner paid $676,000 for a controlling share in WPP in 1985, then used the company as an acquisition vehicle; they have bought 39 marketing and advertising firms so far. His most stunning triumph was the 1987 purchase of the JWT Group, an American conglomerate seven...
Sorrell's takeover of Lord, Geller, Federico, Einstein, which was part of the JWT purchase, has proved more troublesome. Nine months after the deal, co- founder Dick Lord and five top executives walked out and formed a rival firm that they staffed with their former colleagues. Today both sides are mired in a court battle over the takeover and defection. Says Lord: "Martin is a man of property. He believes that the ends justify the means...