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...suit, brought on behalf of Gordon's improbably named 15-year-old nephew Tara Gabriel Galaxy Gramaphone Getty, had been started by the teen-ager's father, J. Paul Getty Jr., 51, Gordon's older brother. The two siblings have seldom got along. Gordon's lawyers charged that oil company officials coerced J. Paul...

Author: /time Magazine | Title: Texaco and Getty Oil: History's Biggest Takeover? | 1/16/1984 | See Source »

While watching this melodrama from his Houston headquarters, Pennzoil's Liedtke sensed that Gordon Getty might welcome a partner. Liedtke made his first move two weeks ago, with a $1.6 billion offer of $100 a share for 20% of the oil company. Then while the rest of the business world watched bowl games the day after New Year's, Getty and Liedtke huddled over plans in Getty's apartment on Fifth Avenue in Manhattan. Liedtke, 61, a lawyer and Harvard M.B.A., outlined a strategy that would make Getty Oil a private firm owned 57% by family heirs...

Author: /time Magazine | Title: Texaco and Getty Oil: History's Biggest Takeover? | 1/16/1984 | See Source »

...final word has probably not been heard from Liedtke, and the Justice Department could raise antitrust objections to the merger of the third and 14th largest U.S. oil companies. But no matter what happens now, Gordon Getty has achieved his goal of driving up the price of the family's stock. His company holdings, valued at $500 million a year ago, are now worth about $1.3 billion. - By Stephen Koepp...

Author: /time Magazine | Title: Texaco and Getty Oil: History's Biggest Takeover? | 1/16/1984 | See Source »

...came up with not only a trim pants-skirt and navy blouson but also a knit pullover colored wine red and gold, the official city colors. The policewomen were enthusiastic, the press enchanted. Gucci created a leather blouson and helmet that looked as if it belonged on a Flash Gordon storm trooper. The Fendi sisters, working as usual with Karl Lagerfeld, went far afield from their luxury furs and submitted a striking winter woolen overcoat with a storm cape that the Brontë sisters might have worn for a brisk constitutional on the moors. The other contenders-Milan...

Author: /time Magazine | Title: Living: Designers Get Down to Work | 1/16/1984 | See Source »

Last words are a matter of taste, of course, and judgments about them tend to be subjective. A strong though eccentric case might be made for the final utterance of Britain's Lord Chief Justice Gordon Hewart, who died on a spring morning in 1944 with the words "Damn it! There's that cuckoo again!" Tallulah Bankhead used a splendid economy of language at her parting in New York City's St. Luke's Hospital in 1968. "Bourbon," she said. The Irish writer Brendan Behan rose to the occasion in 1964 when he turned...

Author: /time Magazine | Title: Essay: A Dying Art: The Classy Exit Line | 1/16/1984 | See Source »

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