Word: liptons
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...positives seem to stop there. Martin Lipton, a Wall Street lawyer who is advising Trans World, thinks proxy battles are a draining waste of effort and energy. Says he: "This is the worst thing that could happen to the American economy. You might have a situation where every company is at the short-term mercy of institutional investors." Adds John Phillips, chairman of Louisiana Land: "I do not think proxy battles are a legitimate dialogue between shareholders and management...
...Radio and shed tears on TV while listening to a women's quartet sing Down by the Old Mill Stream. He shocked (and delighted) housewives by using a toy outhouse as a comic prop. Performing a chicken noodle soup commercial for one of his TV sponsors, Lipton's, Godfrey made a cup, spooned through it, and said, "I see lots of noodles. I do not see any chicken." Then he tasted the soup and added, "Yes, that is chicken. It might have walked through the water once." Lipton executives probably winced, but the tongue-in-cheek salesmanship worked...
...that involves traveling to recruit, screening the regions of Washington, D.C. and Southern California for admits, and giving special attention to foreigners. He didn't start working with the Cosmos until 1978, when a bizarre coincidence brought up his name in a New York taxicab conversation between a Lipton tea magnate of his acquaintance and the Cosmos director of television coverage. Since then, the soccer job has been what he calls his "weekend getaway," peaking over the summer with the soccer season and necessitating an intimate relationship with the New York-Boston shuttle flight. But things have become more complicated...
Some industry analysts on Wall Street believe changing customer tastes and growing competition will mean the end to the fast-food boom. Says Roger Lipton, head of restaurant research for Ladenburg, Thalmann & Co.: "What America doesn't need is another hamburger or taco stand. The days of the industry's phenomenal profits and unlimited growth potential are gone...
DIED. Alec Waugh, 83, author of more than 50 novels (A Spy in the Family), biographies (The Lipton Story) and travel books (The Sugar Islands) who labored for years in the shadow of his better-known brother Evelyn, until the publication in 1956 of his bestselling yarn of interracial love and intrigue in the Caribbean, Island in the Sun; in Tampa...