Word: lehman
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Dates: during 2000-2009
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When Peterson, then 57, made Glucksman, also 57, his co-chief executive officer in May 1983, the move seemed a diplomatic acknowledgment that Glucksman's views were right. But Glucksman wanted total control and feared, rightly, that Peterson secretly hoped to sell Lehman at a premium before he reached age 60 and had to let the firm begin redeeming his shares. Glucksman sensed that Peterson had no stomach for a fight and would opt to be bought out. So, eight weeks after being promoted, he demanded that Peterson step aside...
Although other coffee producers may push up exports, coffee prices are likely to be erratic for the next few months. Says Sandra Kaul, a research analyst with Shearson Lehman: "Even if there is plenty of coffee around, the flow of it will not be very smooth." Indonesia and other countries are not set up to ship significantly larger quantities...
...Chief of Naval Operations Admiral James Watkins has dubbed this time of terrorism and global tension, American carriers can cruise the globe as island fortresses in troubled seas. Aimed at a Third World despot like Muammar Gaddafi, they can add an explosive exclamation point to presidential rhetoric. To John Lehman, Reagan's aggressive Navy Secretary, the carriers have an even more important strategic role. He believes they can safeguard vital sea-lanes during peacetime and could press close to Soviet shores in the early hours of a full-scale conventional war with the Soviet Union...
...fighters and 38 A-6E and A-7E attack planes, as well as four E-2C Hawkeyes to detect incoming enemy planes, four EA-6B Prowlers to jam enemy radar and radio, six SH-3 helicopters and ten S-3 Vikings for antisubmarine warfare. By 1991, Secretary Lehman is all but assured of having three new Nimitz-class nuclear carriers. Lehman makes clear that he wants a carrier force that can engage and defeat the Soviet navy. At the outbreak of a war between NATO and the Warsaw Pact in Europe, he would send carriers storming toward Norway to block...
Critics warn that Lehman's so-called forward strategy would be as doomed as the Charge of the Light Brigade. "The carrier battle group is not going to do very well against the air defenses of a first-class power armed with cruise-missile-carrying submarines and surface ships, Backfire bombers and oceangoing surveillance," says Robert Komer, a former top Defense Department official who is now a consultant with the Rand Corporation in Washington. "The triumph of the carrier was in World War II. We made the same mistake back then when we concentrated on battleships at first. The Japanese...