Word: foundered
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Dates: during 1980-1989
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...rate of a mile every twelve minutes, the walker uses up 530 calories an hour to the jogger's 480. The walker also takes fewer risks, according to a number of reports. "We see a lot of runners sent to us with leg and back problems," says Bill Farrell, founder of the Metro Atlanta Walkers Club. "My shins would kill me after running," remembers Elly Christophersen, 30, now a devoted Manhattan walker. "From the standpoint of health and wear and tear on the body, race walking is much better...
...Hearst Corp. celebrates its centennial this year, and while the founder would obviously have difficulty recognizing the company 36 years after his death, so would anyone else who has not kept up with the firm over the past decade. Since 1978, when Frank Bennack Jr. was named president, Hearst has spent $1.4 billion acquiring more than 20 companies, including three TV stations, ten daily newspapers, two magazines (Esquire and Redbook) and two book companies (Arbor House and William Morrow & Co.). Since the company remains privately owned, the balance sheet is a closely held secret. Industry observers calculate that Hearst...
Lacking a universal code, many people have tried to substitute specific rules. Says Ethicist Daniel Callahan, co-founder and director of the Hastings Center think tank near New York City: "When most people talk about morals, they are concerned with laws and regulations and codes." When laws do not exist to regulate a particular situation, "we assume it is pretty much every person for himself...
...largest question looming over Wal-Mart is what will happen to the company when Mr. Sam is no longer in charge. The founder, who has a mild form of leukemia, which is now in remission, has gradually turned over day-to-day control to Glass, 51, and Shewmaker, 49, one of whom is likely to become the next chief executive. The titular position of chairman may go to the founder's eldest son, S. Robson Walton, 42, who is at present one of the company's vice chairmen. But Mr. Sam shows no signs of giving up his trademark store...
DIED. Paul Butterfield, 44, innovative harmonica player of the 1960s and co- founder of the Paul Butterfield Blues Band, which helped introduce city blues to rock audiences; of undetermined causes; in Los Angeles. The band backed Bob Dylan when he used an electric guitar, a controversial move, at the 1965 Newport Folk Festival, but became celebrated in its own right for cleverly merging blues, rock, folk and jazz themes...