Word: lelyveld
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Everyone at the New York Times knew that Joe Lelyveld would be the next executive editor, although most people didn't expect announcement of his elevation as soon as last week. What almost nobody knew, and everybody speculated about, was who would replace him as managing editor and heir apparent. The answer, revealed to several hundred assembled staff members last week, surprised practically everyone in the news business...
...lunches of cold cuts and pasta (pleasantly tacky, a reporter said) at a nearby Marriott. When Sulzberger described his theories of management, a reporter piped up that terror was still the prevalent emotion on 43rd Street. Sulzberger went on in his usual cheerful way, while "Max and Joe ((Lelyveld, the managing editor)) looked like they wanted to die," the reporter recalls...
...state fund has notified Kohlberg, Kravis that it wants to limit the use of its money not only because of allegations of a hostile takeover but also because RJR Nabisco is the fourth largest U.S. company doing business in South Africa, said Michael S. Lelyveld, press secretary for the Massachusetts Executive Office for Administration and Finance...
...pension fund, which has committed $50 million to the limited partnership, has a statute prohibiting investment of its assets in South Africa-related companies. Lelyveld said Massachusetts has not received a response to its request to stay out of the RJR Nabisco deal...
...Lelyveld disagreed that investors could notrefuse to have their funds used for a specifictakeover. He said that the Commonwealth "has theright to elect not to participate in a given deal.It's not a matter of withdrawing money...