Word: groves
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Dates: during 1990-1999
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This ransom is a big one--and likely to be the benchmark for future environmental payoffs involving private timberland. In return for 3,500 acres of ancient redwoods in Humboldt County's Headwaters Grove, the largest old-growth tract still in private hands, and 4,000 acres of additional land, most of it heavily logged, Maxxam Corp. of Houston, Pacific Lumber's owner, will get $250 million from the Federal Government and $210 million from California. At week's end there seemed little doubt that Governor Pete Wilson would sign the payment bill. Maxxam, controlled by Hurwitz, was a major...
...YORK: Intel chairman Andy Grove, codeveloper with Microsoft's Bill Gates of the industry standard "Wintel" PC, has seen the future of computing and it is... a Macintosh. In an exclusive interview Wednesday, Grove told TIME Daily that the industry is entering what he calls "the Valley of Death," a destructive period of time in which "the players will change, the technology will change, and the devices will change." What started as general-purpose computers with networking capability added almost as an afterthought, he said, will metamorphosize into network machines that also do computing...
...what will the next generation of desktop computers look like? A lot like Apple's new iMac. "The iMac embodies a lot of the things I'm talking about," says Grove. "Sometimes what Apple is doing may have an electrifying effect on the rest of us. It's nothing we couldn't have done, but Apple went ahead and did it." Apple's iMac, it should be noted, is built around processors made by Motorola, not Intel. And Grove is not entirely uncritical of the translucent blue box; like millions of die-hard Mac fans, he wonders about the lack...
...general counsel of a major consumer-products company in 1996 supposedly because of downsizing--but he never knew for sure. It wasn't until five months ago that he finally found full-time work again, as general counsel of White Cap, a container maker based in Downers Grove, Ill.--but at a salary a third below the six-figure income he earned in his old job. Some prospective employers even refused to interview him, McElyea, 50, reports, although he asked for no more money than applicants with 10 to 15 years less experience. Meanwhile, his former company promoted...
...Pretty damning stuff. But apart from the brusque language, it's nothing we haven't heard before. "I know that Bill and Andy both consider that period to be one of the rockier ones for Wintel," says TIME senior editor Joshua Ramo, who interviewed Grove for the Man of the Year issue. Such tension is hardly surprising, given the way chip technology has taken so much of software's workload over the last decade. But while Gates gave Grove credit for "stepping back" on the software issue in a 1996 conversation published in Fortune, Grove claimed he "basically caved." Said...