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Ghost and Hammer. Archetypical of the new manager is Eugenio Cefis, 50, president of Montecatini Edison, Italy's largest industrial firm. Except for a brief postwar fling at private enterprise, Cefis, who was trained as an economist, has spent most of his career working for ENI, the state-owned petroleum syndicate. Known as "The Ghost" because of his aversion to publicity, Cefis became the shadowy, indispensable Mr. Fixit at ENI. After he became ENI's president in 1967, he built a sound management team by breaking with ancient Italian tradition and wisely delegating authority...

Author: /time Magazine | Title: ITALY: The State's Tycoons | 3/6/1972 | See Source »

...Mitchell appeared impassive about the switch, however, his wife did not. Martha Mitchell has clearly-reveled in her three-year fling as the wife of the Cabinet's most powerful member. "I think it's a very bad move," she said tearfully last week. "I tried to talk him out of it because I don't think the President needs a campaign manager. It just breaks my heart...

Author: /time Magazine | Title: THE ADMINISTRATION,ECCENTRICS: Kleindienst Steps Up | 2/28/1972 | See Source »

They wreck hydrants by hacksawing the control stem or stuffing the shaft with beer cans. They fling bricks at passing fire trucks and often hit the fire men. "Burn, baby, burn!" they chant as their neighbors' homes incinerate, and often as not investigation shows that the fires Smith fights were set by rejected lovers or crafty landlords or teen-age torch parties...

Author: /time Magazine | Title: Books: Pyromanticism | 2/28/1972 | See Source »

Treff found out that he could put Wall Street in an uproar. The Securities and Exchange Commission, the New York Stock Exchange and half a dozen embarrassed brokerage firms are investigating his brief fling at Naderism. He has forced the whole brokerage community to question its credit and trading procedures. In a five-week trading binge, Treff bought $200,000 in stock without ever meeting a broker face to face and, more astoundingly, without putting up any money...

Author: /time Magazine | Title: STOCK MARKET: Treff the Terrible | 1/24/1972 | See Source »

...kingdoms of the earlier works. With powerful brevity, Borges limns a decadent nation where language-and all that it implies of hope and beauty -is the execrated enemy. Disdaining vowels, Borges' updated Yahoos grunt only in consonants. When they want to open what passes for a conversation, they fling mud. Their king is protected from mortal corruption by being blinded and castrated...

Author: /time Magazine | Title: Books: Escape to Reality | 1/24/1972 | See Source »

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