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Some industry experts, however, speculated that Pickens was actually hoping Phillips would recruit a so-called white knight, perhaps Shell Oil or Atlantic Richfield, to take over the Oklahoma company. He would then sell his shares to the acquiring company at a premium. That happened last year when Chevron bought Gulf, after Pickens had made an unwelcome takeover bid. He and his partners made more than $400 million on that deal...

Author: /time Magazine | Title: Takeovers: Pickens on the Prowl | 12/17/1984 | See Source »

...image could have come from a once and future fantasy, yet it aired on the evening news. A U.S. astronaut, looking like a modern knight-errant in shining space suit, sallies forth into the darkness, powered by a Buck Rogers backpack called an MMU (manned maneuvering unit). Armed with a space-age lance nicknamed the stinger, he spears a stray satellite and rockets back to the mother ship. There, silhouetted against the shimmering earth some 225 miles below, he spins along at 17,500 m.p.h., shouldering his prize like a sci-fi Atlas...

Author: /time Magazine | Title: Space,;Over Stories: Roaming the High Frontier | 11/26/1984 | See Source »

...answer, skillfully shuttled through the narrative of his own journey, is that the adventurers of yore were misfits. The squaring of these pegs, he suggests, began in school with tales of bold Westerners challenging sinister enchanters in the East. The heroes of antiquity, the knights-errant and the pathfinders of empire, symbolized virtues that quickened young hearts. But mercantile Britain offered few opportunities for a romantic. "Where was the use of valor and a knowledge of Xenophon and all the rest of the accoutrements?" Glazebrook inquires. "He had put on knight's armor to play croquet...

Author: /time Magazine | Title: Books: In the Land of Far Beyond | 11/26/1984 | See Source »

...fighter flashing across the morning sky over the azure waters of the Persian Gulf and firing an Exocet missile into a neutral ship. After a 22-day lull in the Iran-Iraq tanker war, an Iraqi pilot last week claimed another victim, the 25th of the conflict. World Knight, a 258,437-ton tanker owned by Hong Kong Shipping Magnate Sir Y.K. Pao, was bound for Kharg Island to pick up Iranian crude oil. Two British officers and four Chinese seamen were killed immediately as the Exocet demolished the ship's aft superstructure. Two more Chinese and one Indian...

Author: /time Magazine | Title: The Gulf: Death on the Superstructure | 10/22/1984 | See Source »

...presented each campaign with pairs of potential panelists who had to be accepted in tandem. That approach produced a balanced group whose questions seemed a bit sharper in tone and follow-up than those posed by the presidential inquisitors. Its members: Robert Boyd, Washington bureau chief of the Knight-Ridder newspapers, Norma Quarles of NBC News, John Mashek of U.S. News and World Report and Jack White of TIME...

Author: /time Magazine | Title: Press: In Search of Questioners | 10/22/1984 | See Source »

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