Word: manhattanization
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Dates: during 1980-1989
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...pressure to do so as early as next month, or be in violation of a federal law barring ownership of both a newspaper and a TV station in the same city. Last week the media mogul was on the brink of selling the daily for about $40 million to Manhattan Developer Peter Kalikow. The agreement leaves so many escape hatches, however, that the outcome is far from certain. Kalikow can walk away from the deal if the Post's unions balk at the wage concessions he plans to demand. Murdoch has the right to back out if he overturns...
...cars and prepschool networks. Away from Wall Street, McCoy's life becomes the grist for other New York types, each one consumed by a drive for power. The gallery that Wolfe presents is compelling and yet predictable--his types are compiled from the people profiled in New York Magazine, Manhattan, Inc. and page six of the New York Post...
...room in Icahn's midtown Manhattan offices, decorated with framed stock certificates of the companies he has profitably raided, testifies to his conquests. Among the hunter's trophies: American Can, Simplicity Pattern, Hammermill Paper and Marshall Field. It is a display that would make many of his corporate victims cringe, especially the many who lost their jobs when companies were restructured as a result. Yet Icahn's headquarters is no temple to fast money, like the vaulted office of the reptilian Gordon Gekko in the movie Wall Street. Instead, it serves as a model for the unglamorous way he thinks...
Icahn divides his time between weekends with his family at their 20-room home north of New York City and weekdays at a Manhattan apartment, just a two- block walk from his office. The fearsome raider is so shy that he is sometimes reluctant to brush off virtual strangers who approach him in public. While the strain of managing so many ventures clearly shows in his face, Icahn professes no interest in slowing down. Referring to his efforts to topple what he calls "arrogant, incompetent managements," he says, "There is a great fulfillment that you can do something about...
...this seems to have been accomplished on a shoestring. Farrar, Straus is well known for skimpy salaries. It has occupied the same dingy office space in downtown Manhattan -- far out of the midtown orbit of most of the giant firms -- for more than 20 years. Wolfe politely describes the low-rent decor as a "nice saggy-book look." The waiting area contains a desk and a single metal chair. But then no one waits very long. The thing authors like best about FS&G is that they get to meet the people who work there. Says Brodsky: "Other publishers could...