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...told, Omnicom has lost more than $100 million in billings from the flight of customers, which include Sears, IBM and Pillsbury. The damages at Saatchi & Saatchi/Ted Bates have totaled more than $300 million; among the clients who canceled accounts were Colgate-Palmolive, Procter & Gamble and Warner-Lambert. While both agencies claim that they can absorb those losses without severe stress, the exodus of blue-chip clients has quickly soured Madison Avenue's merger mood...

Author: /time Magazine | Title: The Not-So-Jolly Advertising Giants | 11/17/1986 | See Source »

...product of the acquisition binge has been a surge in insider trading. Only in recent weeks has Wall Street begun to recover from its worst- ever scandal, when last spring Dennis Levine, a managing director of the Drexel Burnham Lambert investment firm, admitted to using insider tips on takeover bids to trade in the shares of 54 companies. According to the Securities and Exchange Commission, the deals earned him $12.6 million in illegal profits. Levine pleaded guilty to four criminal counts and awaits sentencing. Eventually, four other Wall Streeters were tainted in the same scandal...

Author: /time Magazine | Title: Manic Market | 11/10/1986 | See Source »

...FRESHMAN DORMS AND ALL RIVER HOUSES EXCEPT DUNSTER, MATHER AND THE LEVERETT TOWERS) 11 Fire House, 173 Cambridge St. 1 2 Miller's River Apartments, 15 Lambert St., Community Room, 663 Cambridge St. entry 1 3 Truman Apartments, 25 Eighth St., Community Room, Thorndike St. entry 1 4 Harrington School, Cambridge St. 1 5 Harrington School, Willow St. 2 1 St. Mary's Lower Church, Harvard and Norfolk Sts. 2 2 Fletcher School, 89 Elm St. (East) 2 3 Roberts School, Broadway and Windsor Sts. 2 4 Health Center, 105 Windsor St. 2 5 Fire House, Lafayette Square, (Mass...

Author: NO WRITER ATTRIBUTED | Title: WARD | 11/3/1986 | See Source »

...novel. Now being filmed in Italy, the movie centers on the short, bloody career of Italian Gangster Salvatore Giuliano, a real-life Robin Hood of the late '40s who dreamed of turning Sicily into a U.S. state. He is played by the French heartthrob (and most recent Tarzan) Christopher Lambert, 29, who unhesitatingly grabbed the chance to work with Cimino. "He is a very passionate man, a strong person. He gives a lot to his actors," explained Lambert. "I would rather work with someone who has talent than someone who has made a lot of money. You have...

Author: /time Magazine | Title: People: Sep. 15, 1986 | 9/15/1986 | See Source »

Whatever he does next, Lauren has boosted the prestige of American sportswear at home and abroad. Says Eleanor Lambert, a longtime industry publicist: "He has grasped the solidity and the worth and the drive of American life. He is a very stabilizing influence in American fashion." The determined dreamer from the Bronx has become a special kind of design star, whose imagination is less a source of amazement than of security for his still growing audience. Says up-and-coming Designer Zack Carr: "Ralph Lauren is respected for his consistent style and intrinsic quality year after year, and I appreciate...

Author: /time Magazine | Title: Selling a Dream of Elegance and the Good Life | 9/1/1986 | See Source »

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