Word: largest
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Dates: during 1980-1989
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General Motors Chairman Roger Smith was beaming with his lights on high last week as he celebrated the biggest and boldest acquisition in his company's history. Two years ago, Smith revealed that the world's largest automaker (1984 sales: $83.9 billion) was courting a mysterious "lulu" of a company, one that would help transform GM from something of a stodgy powerhouse into a high-tech star. Now the Detroit giant was driving off with its prize. After a contest in which it outbid Ford and Boeing, GM agreed to acquire Hughes Aircraft, a major defense contractor (1984 sales...
Many law-enforcement officials contend that giving corporate criminals the benefit of a double standard is destructive to society. Asks Rudolph Giuliani, the U.S. Attorney for the Southern District of New York, who has prosecuted some of the largest tax-fraud cases: "If executives who make healthy salaries can't abide by the law, how do we expect the disadvantaged not to break the law?" Says Anton Valukas, the U.S. Attorney for Northern Illinois: "I guess what bothers me is that we are talking about privileged people, people with the best educations who seem to have the basest motives...
Hand in hand and smiling hopefully last week as they left St. Joseph Hospital in Orange, Calif., Patti and Samuel Frustaci could hardly have been anything but quintessentially proud parents. Though two of their seven tiny infants had not survived the largest U.S. multiple birth ever, the remaining five were clinging to life and now have names. Previously dubbed babies A to E, they are Patricia Ann, James Martin, Stephen Earl, Bonnie Marie and Richard Charles. "They're beautiful," said Mrs. Frustaci. "I just hope they live." All have a better than fifty-fifty chance of survival. But James Martin...
...sling, said his unit had been sent into Angola to blow up the Malongo oil * refinery, jointly owned by Gulf Oil Corp. and the state-owned oil concern, Sonangol. The mission: to cause a "considerable economic setback" for the Luanda government. The plant is the largest oil refinery in Angola, processing more than half of the country's crude-oil production. The South African government denied that the commandos were sent to sabotage the facility...
...week, after 18 months of acrimonious court battles, family members agreed to settle the case. Under terms reached in Los Angeles, the Sarah C. Getty Trust -- named for the oilman's mother -- will be split into six parts. The agreement ends Gordon Getty's control of one of the largest U.S. family fortunes and divides the authority among the four branches of the Getty line, which includes 26 heirs. Said Seth Hufstedler, one of some 20 lawyers in the landmark case: "Great efforts have been made toward family peace. The alternative is clearly years and years of bitter litigation...