Word: geralds
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...company (which owns TIME) can use all the help it can get. Ever since Case, then head of AOL, and Gerald Levin, then chief of Time Warner, agreed two years ago to complete the $106 billion deal in which the online upstart bought the old-media giant, their union has produced a Shakespearean torrent of pain and recrimination. As the Internet bubble burst and advertising slid into recession, the company's executives were slow to adjust their lavish profit-growth promises to Wall Street, which struck back hard. Having tumbled from a high of $56.60, the price of AOL Time...
...gone. Thursday, AOL Time Warner announced that current CEO Richard Parsons would assume Case's post as well. Yet nobody is quite giving up on the world Case and Gerald Levin were betting on three years ago - whenever it may arrive. "Resignation May Help Ground a Visionary Medium," a New York Times story suggested; "Steve Case, Genius" was the title of an Op-Ed by journalist Nina Munk, who is writing abook on the travails of the combined company. "It took more than seven years before Wall Street acknowledged that the 1990 merger of Time and Warner was a success...
Inconspicuous, off to the side, backing up a flashier partner, putting out fires when called upon - it's a role Dick Cheney has played his entire life. Throughout his remarkable career - White House chief of staff to Gerald Ford, six-term Congressman, Secretary of Defense to the first President Bush and Vice President to the second - Cheney's success has derived from his unparalleled skill at serving as the discreet, effective, loyal adviser to higher-profile leaders. He did once flirt with the idea of twirling the flaming baton himself, considering a 1996 run for President. But the idea...
...Gerald Blessey, who was among the few integrationists at Ole Miss in 1962, declined to discuss Lott's latest troubles but told Time in 1997 that he considered Lott more of a political opportunist than a George Wallace--style hater. "You could say that Trent was representing the views of his constituents" in supporting segregation. Blessey lost to Lott in a congressional race in 1976 and said that while he and Lott have been "often on opposite sides over the years," he believed that on the issue of race, "Trent has a good heart...
...Times's executive editor, Howell Raines, who grew up in Alabama during the era of resistance to desegregation. Raines' well-known liberal sympathies prompted great suspicion that two articles by sports columnists were spiked because they took issue with the paper's stance. The paper's No. 2 editor, Gerald Boyd, tried to quell the uproar by explaining in a staff memo that one piece amounted to "unseemly and self-absorbed" quarreling with the editorial page and that the other's "logic did not meet our standards." But that failed to dampen the newsroom outrage, and the top editors decided...