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...London retailing executive, and a graduate of Cambridge University and Harvard Business School, Sorrell worked in posts ranging from sports promotion to food retailing before landing a job with the Saatchis in 1977. He spent eight years helping manage that firm's headlong growth, then left to build his own empire. Sorrell and a partner paid $676,000 for a controlling share in WPP in 1985, then used the company as an acquisition vehicle; they have bought 39 marketing and advertising firms so far. His most stunning triumph was the 1987 purchase of the JWT Group, an American conglomerate seven...

Author: /time Magazine | Title: Machiavelli On Madison Avenue | 5/15/1989 | See Source »

Gorbachev's economic reforms, while radical, are nonetheless carefully circumscribed. He is not marching headlong to capitalism but is attempting to reinvent Marxism by creating socialist markets, socialist competition and cooperative ventures. Private ownership of the means of production (land, factories) is still prohibited. Individuals cannot hire workers with a view to profiting from their labor but rather must form cooperative arrangements. There is a noncompetitive banking system, and no stock market for financing private ventures. Most important of all, there is no rational price system: thousands of prices are still set by state fiat rather than supply and demand...

Author: /time Magazine | Title: The Union: A Long, Mighty Struggle | 4/10/1989 | See Source »

Whole segments of the East bloc, once firmly under the thumb of Soviet orthodoxy, are launched in headlong pursuit of a new political and economic order. But not all. In Bulgaria an aging leadership shows no sign of interest in homegrown perestroika. In Czechoslovakia, where leading dissident Vaclav Havel has been sentenced to jail, trials moved into a second month for other activists held on charges ranging from organizing peaceful antigovernment demonstrations to signing political petitions. And in Stalinist Rumania, party leader Nicolae Ceausescu remains the "Idi Amin of Communism," as his neighbors call him. The unregenerate totalitarian, obsessed with...

Author: /time Magazine | Title: Special Report: Eastern Europe: Chips Off the Old Bloc | 3/27/1989 | See Source »

Countless problems could derail Baker at State. Third World debt, coming to terms with Marxism in Central America, Europe's desire to rush headlong into detente with Moscow, the flips that will be required to get Japan and the NATO nations to share more of the West's military and financial burdens -- these are only four "small" items on Baker's plate. But above all is the matter of America's role as U.S. hegemony comes to an end. Constraints on spending at home will limit American ability to project influence abroad at a time when U.S. dependence...

Author: /time Magazine | Title: Playing for the Edge | 2/13/1989 | See Source »

After years of good, gray Masterpiece Theatre dramas, this three-hour import from Britain's innovative Channel 4 comes like a bracing wind from the North Sea. No decorous Edwardian soap opera, no fine period costumes, no tasteful cello music. This is a crackling, contemporary political thriller, directed at headlong speed by Mick Jackson from a witty, clued-in script by Alan Plater. The dialogue is dense, often overlapping, sometimes unintelligible. Compared with such relatively simpleminded American efforts as the NBC mini-series Favorite Son, A Very British Coup seems revolutionary in its own right: a TV political drama...

Author: /time Magazine | Title: Video: Red Harry's Revolution | 1/16/1989 | See Source »

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