Word: forstmann
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Dates: during 1990-1999
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Ziff-Davis Publishing Company, publisher of PC Magazine -- fave of DOS dweebs -- was bought for $1.4 billion by Forstmann Little & Co, a New York investment firm run by high profile banker Ted Forstmann. Included in the deal is the giant publishing arm of Ziff Communications, which includes other magazines like MacWeek and Family PC, as well as Ziffnet, an on-line service. It's a move by Forstmann, a shrewd dealmaker, to keep pace with rival Kohlberg Kravis Roberts, which controls New York magazine and other media properties, says TIME associate editor Thomas McCarroll. "They have had this rivalry...
Jack Kemp, George Bush's disgruntled Secretary of Housing and Urban Development, is one name being pushed hard in Perot circles. New York leveraged-buyout specialist Theodore Forstmann, a Kemp presidential fund raiser in 1988, is trying to broker a marriage between Kemp and Perot. Some of Kemp's political advisers argue that running with Perot represents Kemp's best chance to be elected President himself in 1996. Others counsel caution -- Kemp's favored political style -- contending that bolting the g.o.p. would permanently brand the supply-side conservative a pariah. Kemp's probable reluctance illustrates Perot's quandary in finding...