Word: foundered
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...company has also been torn by internal dissension. Co-Founder Steve Wozniak, 34, left Apple in February following disagreements concerning the direction the company was taking. Chairman Steven Jobs, 30, was kicked upstairs last month during a power struggle with President and Chief Executive John Sculley, 46, a former PepsiCo executive hired in 1983 for his marketing skills...
Sculley now seems in clear command. After heated discussions with Jobs, Sculley persuaded the board to relegate Apple's co-founder to the murky role of "global visionary," as one analyst put it. Jobs lost his day-to-day duties, a change that some say came none too soon. "Jobs is too much out in the ozone," says Joseph Levy, an analyst for International Data...
Political as well as religious issues deeply divide the S.B.C. Stanley was a founder of Moral Majority, the religious-right political lobby. Honeycutt says that this movement violates the Baptist heritage of church-state separation. Another angry moderate, the Rev. James Dunn, runs the Baptist Joint Committee on Public Affairs in Washington, sponsored by the S.B.C. and eight smaller denominations. Dunn's job may ultimately be in danger because Dunn's Baptist lobby is at odds with Fundamentalists in the S.B.C., who demand constitutional amendments on school prayer and abortion...
...type of company that Smith sought. "They are a storehouse of technology," he says. "Hughes' single biggest asset is its brainpower and teamwork." But Hughes coveted its independence and initially spurned GM. The rebuff turned the automaker toward Electronic Data Systems, a Dallas-based computer-services firm that Founder H. Ross Perot had built into the largest company in its field. Smith sees E.D.S. as the key to upgrading GM's worldwide computing operations. Under the Texas firm's guidance, GM machines performing tasks as varied as running payrolls and controlling robots will be forged into a unified network...
...living room, neon began blinking out. It was left to a few dedicated preservationists around the country to salvage classic signs. A San Diego group rescued endangered examples like a 6,000- sq.-ft. marquee from a local drive-in theater. "They are cultural icons," says Lili Lakich, founder of the 3 1/2-year-old Museum of Neon Art in Los Angeles, where 33 vintage signs are currently displayed. "They're the new ruins...