Word: foundered
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Dates: during 1970-1979
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...President Elton Rule and Chairman Leonard Goldenson were asked by Synanon representatives at the network's annual meeting last May whether the network had considered hiring bodyguards for them and their wives. Synanon and its founder, Charles Dederich, have filed a $42 million slander suit against ABC and its station in San Francisco, KGO-TV, over several KGO news reports on Synanon...
...months Burger Baron Ray Kroc, 76, founder of the McDonald's hamburger chain, has been bedeviled by a rumor that he donates money to the Church of Satan, a San Francisco-based cult. "The most vicious thing I've ever heard and all lies," sputters Kroc. Nonetheless, on many fundamentalist Christians in the Southern and Midwestern Bible Belt, the rumor has had the impact of a Big Mac attack in reverse: they are boycotting McDonald's. So far, the protests have had a negligible effect, but just to make sure, McDonald's Executive Doug Timberlake last...
...Koka, founder of the Black Allied Workers' Union is South Africa, fled to Botswana in 1976 to avoid arrest. He had played a leading role in the strikes and demonstrations that began in Soweto in June of that year. Koka said the government had constantly harrassed him since 1973 for his role in organizing black workers...
Also seized were Nadia Mantovani, 26, a friend of imprisoned Red Brigades Founder Renato Curcio, and Lauro Azzolini, 35, who had been sought in connection with the murder of the president of the Turin bar association last year. There were unconfirmed rumors that Mario Moretti, 36, the top suspect in the Moro assassination, was also in police custody. To speed proceedings, all nine will stand summary trial within two weeks on charges of possessing arms and explosives-a protective measure to ensure that the defendants are not released while authorities ponder more serious charges against them...
DIED. George G. Blaisdell, 83, founder of the cigarette-lighter company from which he received his nickname, "Mr. Zippo"; in Miami Beach. An oilman, Blaisdell noticed a wealthy friend using a cheap, efficient Austrian cigarette lighter and realized that a demand existed for such a gadget. Blaisdell, a trained machinist, marketed his own windproof model on which he gave a lifetime guarantee and, persevering through several years of poor sales, became enormously successful during and after World...