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...story is hardly unique in American industry. Either through a surplus of energy or ego -- and very possibly 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...

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

...secretly a CIA agent. The Met's champion is Olivia Cartwright, whose mentor is the omniscient and fabulously wealthy Neapolitan dwarf Count Nerone (a good Velasquezian touch, since the artist painted a fair number of valuable dwarfs). Rivalry soon leads to attraction, which soon turns into love. Before the hammer finally comes down, love has led to Soviet intrigue, data bases, haute cuisine and unintentionally hilarious dialogue. Says the smitten Olivia to Andrew: "I want you, I want you . . . but I have to go. To see the Velasquez in the Kunsthistorisches Museum...

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

While one diver, armed with a hammer and chisel, began chipping away around a copper ingot, trying to loosen it from concreted sediment, another culled the bottom, scooping sand with one hand and drawing it into a suction tube held in the other. Suddenly, something metallic flashed in the dim light filtering through the water. It was a piece of gold jewelry that had remained hidden from sight for 34 centuries. In the next several minutes, the team members uncovered more jewelry, a quartz bead, broken arrowheads and pottery shards, which they stored in a red-and-white plastic container...

Author: /time Magazine | Title: Science: Down into the Deep | 8/11/1986 | See Source »

Immediately after the Chernobyl nuclear accident last April, the Soviets spurned U.S. offers of aid. But they did allow Millionaire Industrialist Armand Hammer to dispatch his friend Bone Marrow Specialist Dr. Robert Gale to help. Two weeks ago Hammer became the first known nonmedical Westerner to meet with those hospitalized by the disaster. Accompanied by Gale, Hammer visited Kiev's Hospital 14, where 259 Chernobyl victims have been treated, and talked with two heroes, S.T. Milgevsky and N.E. Fedorenko, bus drivers who ferried firemen and workers to and from the reactor area after the explosion. Why did they...

Author: /time Magazine | Title: People: Aug. 11, 1986 | 8/11/1986 | See Source »

...temporary accord will remain in place until Dec. 31. Meanwhile, trade officials will try to hammer out a permanent pact. "It buys time," concluded Frans Andriessen, vice president of the E.C. commission. Said a pleased Yeutter: "U.S. exports will be unharmed while we negotiate a fair settlement...

Author: /time Magazine | Title: Deal At Dawn | 7/14/1986 | See Source »

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