Word: mogul
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...companies added to a growing ethical controversy. The House ethics committee is already looking into donations to GOPAC, the Gingrich-led political-action committee that received money from corporations like Hewlett-Packard. The committee is also probing his lucrative contract to write two books for media mogul Rupert Murdoch...
EVERYONE WHO HAS READ JOSEPHINE Hart's best-selling novel Damage remembers the opening lines: "Damaged people are dangerous. They know they can survive." Those words came to life last week for Hart's husband, the British advertising mogul Maurice Saatchi. Wounded by his ouster last month as chairman of Saatchi & Saatchi, the agency he started in 1970, which grew to be one of the largest in the world, Saatchi struck back hard. He announced he would start a rival advertising firm that will probably spirit away some of Saatchi & Saatchi's biggest clients. To add to the retribution...
...part, Murdoch has vital interests at stake in Washington -- not the $ least of which is a spat with NBC, a rival of the mogul's Fox network. NBC has complained to government regulators that Murdoch's control of Fox, which is owned by his Australia-based company, violates rules on foreign ownership of TV stations. Padden told TIME he was the one who raised the issue with Gingrich: "Right at the end, I interjected that NBC was trashing us all over Capitol Hill, and it was just sour grapes because we were hurting them in the marketplace...
...Speaker of the House, top fund raisers, working phones on Capitol Hill, attracted $5 million in pledges for a February gala -- a remarkable total for a party not in control of the White House. Businesses are snapping up the $15,000 tables at the gala, organized by cosmetics mogul GEORGETTE MOSBACHER. "Newt's got a message," says a fund raiser, "that corporate America loves...
Other stories printed in the November premiere issue are titled How to Become a Recording Mogul; American and Disaffected at Oxford; Mountain Biking and Me (sponsored by Polo Sport); and A History Lesson with the Spin Doctors' Lead. The heart of the magazine is a Fortune take-off that attempts to portray America's Most Powerful 20-Somethings. That Julia Roberts qualifies for the list is symbolic of the standards. But even more significant is the shallowness of the portraits, including quotations lifted from the interviews of other magazines...