Word: forester
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...arrived there last week. Munro, 49, was named chief executive officer and president of the diversified communications and forest products company. He will take over on Oct. 1, the date on which Heiskell, the current chairman and C.E.O., reaches the firm's mandatory executive retirement age of 65, and James R. Shepley, who will then be 63, steps down as president. (Shepley will remain a director, chairman of the executive committee and chairman of the Washington Star, a Time Inc. subsidiary.) At the same time, Ralph P. Davidson, 52, now a vice president and director, will become chairman...
...stock or shopping for acquisitions. One Georgia bank takes an even tougher line. Says Willy Alexander, vice president of Atlanta's Citizens and Southern National Bank: "We have absolutely discouraged borrowing for bricks and mortar, heavy machinery or inventory buildup." Already hard hit by the housing slump, the forest products giant Georgia-Pacific announced a 25% reduction in capital expenditures rather than attempt to float another expensive bond issue...
With a couple of trombone blasts, an amazon of a woman, sporting gold sequins, helmet and spear, rambles onto the stage to tell us she got lost in this forest running away from a clumsy abductor who dropped her from her balcony. This lady of the lowlands. Donna Ribalda (Melody Scheiner) feigns gusto in her aria, but soon gives in to boredom...
Carmen Ghia (Judith Kellock) then skips into the forest dressed like a Spanish gypsy with castenets, rose in hand...
...cover on the mountain, flooding streams and causing massive mud slides. As a precaution, water levels in three reservoirs on the nearby Lewis River were lowered. Meanwhile, scientists and residents kept watching anxiously to see just how angry Mount St. Helens would get. Said Kurt Austermann of the U.S. Forest Service: "We don't want to panic anybody, but nobody really knows whether it's going to start spitting thunder eggs or just lay down and go back to sleep...