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...members had nothing but praise for Buffett's efforts at reform. Beyond firing or suspending top executives, Salomon departed from past practices and decided against paying them compensation, severance or their future legal expenses. Buffett also revealed during testimony that Salomon's loose trading practices allowed the firm to grab more than 90% of the Treasury notes during an auction last May. (The law prohibits any single company from acquiring more than...

Author: /time Magazine | Title: Scandals: Salomon's Minefields | 9/16/1991 | See Source »

...responsible for this unorthodox biological event? That's what Arlette and Dan and Christa and Kevin plan to do when they welcome their miracle babies into the world this October. "Dan will be up there coaching me," imagines Arlette fondly, "while Kevin and Christa will be getting ready to grab the babies and run." Then Arlette and Dan will settle back to their normal role -- that of happy grandparents...

Author: /time Magazine | Title: All in The Family | 8/19/1991 | See Source »

...depends on how you define opportunity. I don't see opportunity in a one- dimensional sense as something that is simply there either waiting or not waiting for somebody to come and grab it. I think of opportunity as something that one creates, that you generate opportunities for yourself...

Author: /time Magazine | Title: Nothing Is Ever Simply Black and White: SHELBY STEELE | 8/12/1991 | See Source »

...landed on the East River, the pilot asked us to cough it up. I reached for my wallet, thinking "Boy, this is a lot of money"; Rich Guy No. 1 pulled a $100 bill from his wallet; Rich Guy No. 2 asked me to reach behind and grab his briefcase -- his money was in there. But as I was beginning to twist around toward the luggage, Rich Guy No. 1 raised his hand. "Please," he said, handing the pilot a second...

Author: /time Magazine | Title: Oh, Herbie, Don't Be Ridiculous | 8/5/1991 | See Source »

...Lemme just take this call," says producer Lawrence Gordon, interrupting an interview to grab the phone. What follows is one of those edgy Hollywood power conversations, laced with sarcasm, posturing and barely controlled venom. "What do you mean you have nothing to do with it?" says Gordon. "No, I don't believe you . . . Suppose I bid $5 million, will you take credit for it?" Gordon hangs up the phone, then says with a smile, "So now we have to go to plan...

Author: /time Magazine | Title: Tribal Rites in Lotus Land . . . | 7/29/1991 | See Source »

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