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...both -- founding entrepreneurs frequently find it hard to turn over the reins of "their" company to a successor. Armand Hammer, chairman and chief executive officer of Occidental Petroleum, still jets around the world at 88, and has outlasted several presumed heirs. After 41 years at the helm of W.R. Grace, the multibillion- dollar chemical producer, J. Peter Grace, 73, has been overseeing a major restructuring of the company and shows no signs of stepping down. Robert W. Woodruff, longtime chairman of Coca-Cola, "retired" in 1955 but remained in control of the company for an additional 25 years, well into...

Author: /time Magazine | Title: The Comeback Kid | 9/22/1986 | See Source »

Golf is still grinning. Arnold Palmer had a hole in one last week, and a day later he did it again. The same hole, the same club, the same unorthodox swing, the same natural grace. Palmer will turn 57 this week, but he remains the mind's eye and the heart's idea of a golfer...

Author: /time Magazine | Title: Sport: Two Aces and a King | 9/15/1986 | See Source »

They may never be as loved by gay Parisians as that legendary master of comedy Jerry Lewis, but a group of about forty Harvard undergrads will soon grace the pages of Le Figaro, a French weekly magazine...

Author: By Steven Lichtman, THE CRIMSON STAFF | Title: Reporter's Notebook: A Little Trivia Anyone? | 9/6/1986 | See Source »

...know they can depend on Lauren for a certain smart sameness, a look at once sporty and restrained. "No one understands his customer as truly as Ralph does," says Donna Karan, another leading U.S. designer. "He creates designs that match his philosophy, and he never loses his integrity." Says Grace Mirabella, editor in chief of Vogue: "The thing I admire most is that he stays so highly focused. He doesn't do one thing that is out of character, whether it is comforters or jackets or men's ties...

Author: /time Magazine | Title: Selling a Dream of Elegance and the Good Life | 9/1/1986 | See Source »

...Kentucky, flute- makers from Connecticut and Suzuki-method pupils from California. As cameras focused in for the Today show, diminutive Irish Pied Piper James Galway led the rows of virtuosos in Danny Boy, then John Denver's Annie's Song, which a Galway recording has popularized, and finally Amazing Grace. Why not a classical program? Says Galway: "What's the first thing you'd want to hear in the morning? Not some flute study. I thought they'd rather hear a folk tune...

Author: /time Magazine | Title: People: Sep. 1, 1986 | 9/1/1986 | See Source »

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