Word: morley
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...There is little love lost for Wyman in CBS journalism circles, where the ex-chairman's decisions have been a target for strident criticism. Partygoers vied to congratulate a late arrival at the celebration: Laurence Tisch. Exulted one guest: "CBS has returned to its origins." Said 60 Minutes Correspondent Morley Safer: "It's back to the future. That's good news...
...enough of either of those commodities. Recruited by Paley from a job as No. 2 at Pillsbury, the diversified food firm, Wyman from the beginning was tarred by CBS insiders as not mindful of the needs of broadcast television, and of CBS News in particular. As 60 Minutes' Morley Safer put it last week, "He seemed to be not only cold and aloof as far as the news division is concerned, but extremely so as far as the company is concerned...
Bell's report criticized 15 executives in particular, and Hutton promptly announced plans to discipline 14 of them. Three senior officials will leave the company: Thomas Lynch, a vice chairman; Thomas Rae, chief legal counsel; and Thomas Morley, a senior vice president in charge of cash management. Lynch, however, will keep his director's post and continue to receive full pay; Rae will retire early. Two mid-level executives will be officially reprimanded, three regional managers will be suspended for 30 days without pay, and six branch managers will be fined between $25,000 and $50,000. The payments from...
...could be bringing in. But in attempting to trace the blame for the check-kiting scheme as high as possible on the corporate ladder, Bell discovered a "peculiar management structure" at Hutton with fuzzy personal responsibilities. No one, for example, was willing to admit being the immediate boss of Morley, the cash manager. Wrote Bell: "Morley is now an orphan, seemingly lost or at least in limbo along with his corporate function." Even so, the investigator found fault with Lynch because "he should have been aware of potential abuses of overdrafting...
COPS, Mark Baker - FINAL CUT, Steven Bach - HITLER: MEMOIRS OF A CONFIDANT, edited by Henry Ashby Turner Jr. - PICTURES FROM THE WATER TRADE, John David Morley - YEAGER: AN AUTOBIOGRAPHY, General Chuck Yeager and Leo Janos