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During its heyday, Executive Life swam with the sharks. When raider Charles Hurwitz took over San Francisco-based Pacific Lumber in 1986 with the help of $900 million in Drexel junk bonds, for example, First Executive Corporation, bought more than one-third of those bonds. Once in charge, Hurwitz terminated the pension plan and grabbed the $55 million worth of surplus pension funds to pay down part of his buyout debt. He then bought $38 million worth of Executive Life annuities to cover 2,500 people, thus shedding his obligations and saving himself the cost of the premiums...

Author: /time Magazine | Title: Investments: Is Your Pension Safe? | 6/3/1991 | See Source »

When American newspapers were in their heyday after World War II, the brassy, pictorial New York Daily News led all the rest. Its 1947 circulation of 2.4 million daily and 4.7 million Sunday was bigger than any daily achieves today, although the U.S. population has nearly doubled. But like many now vanished media giants, the News gradually succumbed to its own success: with profits pouring in, time and again, management agreed to union demands for unneeded jobs, overtime guarantees and restrictive work rules, rather than risk a strike. By the 1980s, featherbedding was so extreme that despite annual revenues approaching...

Author: /time Magazine | Title: Captain Bob's Amazing Eleventh-Hour Rescue | 3/25/1991 | See Source »

...FORGET ME (Verve). Her voice is sultry, voluptuous, plaintive; her piano work both driving and delicate. Combine them with brilliant backing by the likes of Miles Davis and Wynton Marsalis (separate tracks, please), and you get one of the most exciting performances by a jazz singer since the heyday of the late Sarah Vaughan...

Author: /time Magazine | Title: Critics' Voices: Feb. 4, 1991 | 2/4/1991 | See Source »

Assassins is a sketchbook, sparse and almost forgettable in its musical elements, dominated by skits that would have been too extreme for Saturday Night Live in its heyday. The linking idea is that assassins constitute a sort of club, with past and future killers inspiring one another in a grand conspiracy. This mildly provocative notion is made silly by being rendered literal: the opening features a carnival shooting gallery and then a kind of time-warp barroom where John Wilkes Booth meets John W. Hinckley Jr., where Leon Czolgosz, killer of William McKinley, encounters Giuseppe Zangara, attempted murderer of Franklin...

Author: /time Magazine | Title: Glimpses Of Looniness: ASSASSINS | 2/4/1991 | See Source »

...despite the crowds on Friday, White said that the Brattle has dwindled in popularity among undergraduates since its heyday in the 1960s, when students packed the theater during reading and exam periods for its traditional Humphrey Bogart film festivals...

Author: By Richard A. Primus, | Title: Brattle Reopens After Hiatus | 1/7/1991 | See Source »

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