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...problem is that they stopped short of full merger. Instead they exchanged shares in each other's subsidiaries, giving each partner an equal voice-and equal veto-in the operation. Management is by consensus, which often means uneasy compromise reached through a maze of committees. The partners thought that this arrangement would provide economies of scale as well as savings from joint research, diversification of geographical risk and worldwide marketing coordination. But Dunlop Chairman Sir Reay Geddes also warned that "partnership will, in the short term, bring burdens to both...

Author: /time Magazine | Title: MULTINATIONALS: Marital Trouble in Europe | 12/4/1972 | See Source »

...starts with a thread and leads into a labyrinth. The beginning is the simple question: "Why, why had it happened?" Before David (The Making of a Quagmire) Halberstam, one of the pre-eminent war correspondents of that undeclared war, can contain his question, he is deep in his own maze, wrestling with his own minotaur. It is an awesomely pretentious and yet unavoidable monster, which he describes as "a book about America, and in particular about power and success in America, what the country was, who the leadership was, how they got ahead, what their perceptions were about themselves...

Author: /time Magazine | Title: Books: Hangover from Hubris | 11/27/1972 | See Source »

...many years and has had lots of time to do his brooding: it only takes McMurphy a short while to learn the art of picking apart his ago in search of all the answers. Like Billy, like the Chief, he realizes that the final explanation never comes, that this maze of endless questioning is more than enough to drive a man mad, that once he has started to explore the depths of his own mind, he will never find...

Author: By Celia B. Betsky, | Title: One Flew Over the Cuckoo's Nest | 11/21/1972 | See Source »

...Paris, and Bonn Bureau Chief Bruce Nelan, who had been attending the Leipzig Trade Fair in East Germany, rushed to Munich. There, together with Bonn Correspondent Gisela Bolte, one of TIME'S four-member Olympic staff, they worked their way through interviews and press conferences to untangle the maze of conflicting statements, false reports and after-the-fact apologies...

Author: /time Magazine | Title: Letter From the Publisher: LETTER FROM THE PUBLISHER | 9/18/1972 | See Source »

...word of warning to the freshman who enters into the freshman football program here: be prepared for a zoo-like maze of bodies and coaches seminiscent of battles in Roman colosseums. A lot of people flirt with the idea of playing football here. Consequently, there are usually over a hundred (a figure that sometimes soars frighteningly close to 150) candidates groveling for positions. There cannot be, and unavoidably is not, enough time to give everyone an equal opportunity to prove himself. There are no cuts in Harvard football, and freshmen find that with their late reporting date and an opening...

Author: By Peter A. Landry, | Title: An Everyman's Guide To Sports at Harvard | 9/1/1972 | See Source »

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