Word: foundered
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Dates: during 1980-1989
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...news organization. But journalists also take a special kind of pleasure in hearing about the impact of their stories on readers. TIME stories often cause a variety of such reactions. On the day that last week's issue was published, for example. Cover Subject Ted Turner, the founder of Cable News Network, began his regular Monday-morning meeting by reading the story aloud to his staff, skipping none of the parts that criticized him. In that same issue, a story about a former model acting as her own lawyer and winning a $1 million lawsuit prompted calls from...
Chairman Peter Stroh, the great-grandson of the firm's founder, saw the acquisition as a defense against the growing power of Busch and Miller. Says he: "Expanding was immensely important to our survival...
Perhaps the most glamorous small brewer is Anchor Brewing Co. of San Francisco, which was saved from bankruptcy in 1965 by Frederick Maytag, the great-grandson of the washing machine company founder. Maytag has developed a national following for his Anchor Steam Beer even though only 25,000 bbl. of the brew were produced last year. The beer, now available in 19 states, including Massachusetts and Georgia, is much praised by savants for its distinctively European taste, which imparts a somewhat heavier bouquet than is common among American brands...
...next bell curve. Barring bad luck and bad management, the last 18 years of the century should see higher productivity, lower inflation and a resurgence of traditional values. This upbeat news comes from a man who has taken a particular pleasure in bucking intellectual trends. Kahn, a co-founder and director of the Hudson Institute, infuriated liberals of the early '60s with two books that can still start an argument. On Thermonuclear War and Thinking About the Unthinkable asserted a simple premise: since an exchange of atomic weapons was possible, speculation on the circumstances and consequences of such conflict...
These multiplying miseries have darkened what Exxon had hoped would be a bright centennial year. It was in 1882 that John D. Rockefeller formed the Standard Oil Co. of New Jersey, Exxon's corporate ancestor. Since then, Rockefeller's creation has grown bigger and richer than the founder could ever have imagined. Exxon's leaders will need skill and lots of luck to match their corporation's first-century achievements in its second 100 years. -By Charles Alexander. Reported by Frederick Ungeheuer/New York