Word: frederick
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...Editor John Greenwald to discuss a proposed cover story on T. Boone Pickens. The Texas oilman had engineered many of the mergers and takeovers that were reshaping American business. For the purposes of the cover, TIME's Business section decided on a merger of its own, teaming Greenwald with Frederick Ungeheuer, the magazine's senior correspondent for business and financial affairs. Their cover story appeared two months later, but it turned out that their work had just begun...
...record of past big mergers is not very encouraging. In a study of acquisitions made between 1974 and 1982, Swarthmore Economist Frederick Scherer found that 40% failed to last. Some major deals made over the years turned into king-size turkeys. Gulf & Western, once among the largest and most acquisitive conglomerates, has sold in the past three years some $3.5 billion worth of properties acquired during the 1960s and '70s. These range from a cigar company to a former site of Madison Square Garden in New York City. Says Chairman Martin Davis: "I just don't think you can manage...
...eighth annual Kennedy Center gala in Washington, the honorees--avant- garde Choreographer Merce Cunningham, 66, Actress Irene Dunne, 81, Comedian Bob Hope, 82, Playwright-Lyricist Alan Jay Lerner, 67, Composer Frederick Loewe, 84, and opera's Beverly Sills, 56--were wined and dined for two days, but not quite as usual. Cunningham, "the non sequitur of the evening," said his publicist, was served special macrobiotic dinners. And Dunne, disappointedly, was unable to attend the grand finale after back-pain medication made her ill. Hospitalized, she sent word that "the show should go on," and that it did, in a star...
Other highlights last night included the prsentation of the Frederick Greeley Crocker Award for the team's most valuable player to senior safety Cecil Cox, and the presentation of the William Paine LaCroix Trophy for sportsmanship, loyalty, and team spirit to senior fullback Chris Ridout...
...administration's careless and extravagant use of funds is inexcusable. David S. Cohen '88 Frederick R. Davis '88 Zev J. Handel '88 Stuart M. Semmel...