Word: inces
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Dates: during 1970-1979
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...assignments, including Davidson's. He is leaving the publisher's chair to join the office of President James R. Shepley. His assignment, as Shepley wrote in a memo to the staff, will be "to share the duties of my office and familiarize himself with all of Time Inc.'s major lines of business...
...problems of acclimatization are expected: Davidson thrives on change, as his personal history at Time Inc. makes clear. A native New Mexican who went west to study international relations at Stanford and then traveled abroad extensively as a Marshall Plan worker, he joined TIME in 1954 and held a number of executive positions in Europe with the magazine's international editions. He moved to New York in 1967 as managing director of Time International, became an associate publisher of the entire magazine, and was named publisher in 1972. During his stewardship TIME has enjoyed a period of revenue growth...
...John A. Meyers, who for the past six years has been publisher of SPORTS ILLUSTRATED. A native of Illinois with a B.A. from. Michigan State's School of Journalism, Meyers served with distinction as a U.S. Marine in the Korean War. His 23-year career with Time Inc. has included posts as TIME'S associate publisher and advertising sales director, as well as the one he will continue to hold as a vice president of the company. A man of modesty and personal warmth who hastens to introduce himself as Jack and talks quietly of doing...
...Dorsey, McAfee's suave and articulate predecessor, responded to the end of the era of cheap oil with an ill-conceived diversification program. Gulf bought heavily into real estate, including the "new town" of Reston, Va., and a chain of recreational vehicle parks, Venture Out in America Inc. About $100 million was invested in high-technology companies, with dreary results; none came up with anything promising. When in 1974-75 reports came out that Gulf had made huge illegal payments to U.S. and foreign politicians, Dorsey was forced to resign, and McAfee, a big, bluff, humorous technician, was brought...
More and more executives and their families are refusing to be uprooted, even if the transfer means higher rank and salary. Merrill Lynch Relocation Management, Inc., which specializes in moving executives, estimates that 200,000 to 300,000 of them will be asked by their employers this year to move to new locations and one-third to one-half will object; only a decade ago, the refusal rate was no more than 10%. Says James E. Wall, vice president of Celanese Corp.: "The balance has definitely shifted away from saluting the company and marching off to Timbuctu toward a greater...