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British Airways chairman Lord King's retirement announcement on Friday was six months ahead of schedule. During his career with B.A., King transformed it from a money-losing state enterprise into a publicly owned -- and highly profitable -- airline. B.A.'s reputation was sullied last month when it conceded that employees had used underhanded methods to poach passengers from rival Virgin Atlantic Airways. King denied that dirty tricks had anything to do with his departure, insisting that he wished to remove "uncertainty and speculation" about the firm's future leadership...

Author: /time Magazine | Title: Bailout | 2/15/1993 | See Source »

McAlary's own paper was in even worse financial shape than the News. Press tycoon Rupert Murdoch, who bought the Post in 1976, lost about $150 million in a dozen years before caving in. The latest would-be savior was Peter Kalikow, like Zuckerman a real estate lord, who ran down the circulation (from 550,000 to about 438,000), threw his real estate holdings into bankruptcy and exacted a 20% pay cut from his staff before finally putting the paper up for sale. Answering the call was Hoffenberg, whose millions come from "financial services," in this case buying other...

Author: /time Magazine | Title: News to Post: Drop Dead | 2/15/1993 | See Source »

SAYING NO TO AN OLD BOSS IS NEVER EASY. STILL, U.S. Secretary of State Warren Christopher refused to endorse a Bosnian peace plan urged on him by two United Nations mediators: Cyrus Vance, his chief in the Carter State Department, and Britain's Lord Owen. Washington objects, saying the plan, which would divide Bosnia into 10 provinces largely along ethnic lines, would leave Serbs in control of areas that they have won by aggression and "ethnic cleansing." The U.S. also fears endless conflicts along province borders that might trap a U.N. peacekeeping force -- one perhaps including American troops...

Author: /time Magazine | Title: No For Now on Bosnia | 2/15/1993 | See Source »

...both director and actor, Rigby robs the play of much of its natural energy. The play's biggest disappointment is his portrayal of Lord Byron. Shea's Bysshe quivers in his presence like a nervous schoolboy, but Byron as Rigby plays him doesn't seem to merit this idolatry. He appears middle-aged and harmless, although the poet was only 28 at the time. It is hard to imagine him climbing drainpipes after rich young heiresses and sleeping his way across Europe...

Author: By Katherine A. Shields, | Title: Rigby's Anemic Bloody Poetry | 2/4/1993 | See Source »

Actor Mark S. Cartier does a strong job as the beleaguered Lord Edgar and Jane Twisden, the housekeeper with a secret to hide. His Jane is a perfect re-creation of the archetypal matron devoted to her house and to her mistress...

Author: By Carolyn B. Rendell, | Title: Vampy and Campy, Irma Vep Still Lags | 2/4/1993 | See Source »

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