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Initially, the test seemed routine. At 9 a.m., Department of Energy (DOE) engineers detonated a nuclear bomb 1,168 ft. beneath the arid landscape of the Rainier Mesa at the Nevada test site 93 miles northwest of Las Vegas. About three hours later, after instruments detected no radiation at the site, workers in white coveralls returned to trailers near the blast area to begin collecting data. They had just started to snip the 150 cables connected to underground sensors when the earth gave way. "I felt the earth shake, and before I knew it I was standing on my head...

Author: /time Magazine | Title: Collapse at Ground Zero | 2/27/1984 | See Source »

...existing management is another defense. In Delaware, certain defensive tactics, like issuing rights or options to buy shares of a company, can be approved by directors alone, without a vote by shareholders. Gulf reincorporated in Delaware from Pennsylvania, thus shielding itself at least for now against a raid by Mesa Petroleum's T. Boone Pickens Jr. Many experts question the legality of shark repellents. Dissident shareholders challenge them, charging that they amount to changing the rules in the middle of the game...

Author: /time Magazine | Title: Deft Defenses: Corporate Takeovers | 2/6/1984 | See Source »

...business is gruesome enough: an assembly-line crematorium that makes up in volume what it cuts in price. But Harbor Lawn Mount Olive Mortuary, Cemetery and Crematory in Costa Mesa, Calif., is accused of even grislier practices. To handle its backlog of bodies, former employees claim, the mortuary crammed corpses five at a time into gas ovens built for one. The jumbled ashes were allegedly dumped into 30-gal. trash cans. Then, says Bob Kilburn, a funeral refrigeration-supply manufacturer who installed a cooler at Harbor Lawn three years ago, "they'd scoop up ashes with a pail...

Author: /time Magazine | Title: Little Shop of Horrors? | 12/12/1983 | See Source »

...civil war among the shareholders of Gulf Oil, the leaders of the opposing camps both speak with Southern accents, but there the similarities end. The challenger, Chairman T. Boone Pickens Jr., 55, of Mesa Petroleum in Amarillo, is a dashing, salty Texas oilman who delights in telling earthy jokes. The defender, Gulf Chairman James E. Lee, 61, is a bald, straitlaced native of Mississippi who sometimes leads prayers before gatherings of his board of directors. While Lee has spent his whole career plodding through Gulfs corporate ranks, Pickens is a free-spirited dealmaker whose company has bought and sold stakes...

Author: /time Magazine | Title: Pickens' Charge | 12/12/1983 | See Source »

Pickens disclaimed any interest in winning such a seat: "I'm already on too many boards." He accused the company of attempting to shut off Mesa's credit by threatening to withdraw its business from banks where Mesa borrows money...

Author: /time Magazine | Title: EnGulfing | 10/31/1983 | See Source »

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