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...which the workers do everything they can to make customers happy? That proposition is being put forward by a group of Nevada entrepreneurs, led by lawyer Peter Perry and real estate developer Donald Clough, that is trying to attract investors for an unusual buyout. The target: Nevada's Mustang Ranch, the largest legalized brothel...

Author: /time Magazine | Title: INVESTMENTS: A Really Hot Stock Tip | 10/3/1988 | See Source »

...odds of winning the spiffy Mustang convertible in the Alpha Beta supermarket chain's California Dreamin' sweepstakes, the entry form said, were about 1 in 3.7 million. But for Navy Mechanic James Lee of San Diego, it was a cinch. In fact, a year after claiming the Mustang, Lee was lucky enough to win a $28,500 Chevy Corvette in a Taco Bell sweepstakes. Last week a federal grand jury in Los Angeles indicted Lee, Marketing Executives John Curtin III and Kevin Kissane and two of their relatives on mail-fraud charges of rigging the sweepstakes. Curtin and Kissane...

Author: /time Magazine | Title: CONTESTS: Too Lucky To Be True | 9/5/1988 | See Source »

Growing up, Tracy Gary lived in opulent homes in Manhattan, Bal Harbour, Fla., and on Lake Superior's Madeline Island, traveling among them in the family plane, helicopter and yellow Rolls-Royce. Parties and presents were plentiful, including a Ford Mustang for high school graduation. At 21, Gary received the ultimate gift: a $2 million inheritance. Most people would have been overjoyed, but the windfall only intensified her long-held feelings of guilt, isolation and impotence. "I was overwhelmed," says Gary, now 36, who lives in San Francisco. Her problem: the plague of anxieties that seems to afflict a growing...

Author: /time Magazine | Title: Behavior: The Woes of Being Wealthy | 2/29/1988 | See Source »

...Ford. They introduced financial controls and restructured the company along divisional lines, much as Alfred Sloan had done at GM. In the 1950s and 1960s, under Ford and Breech, the reborn Ford Motor Co. prospered and came up with several winners, including the sporty Thunderbird in 1954 and the Mustang in 1964. One failure, though, became synonymous with marketing disaster: the Edsel in 1957. In later years, Ford was not as successful. The company lagged behind its rivals in coming up with the right mix of fuel-efficient cars after the energy crisis of the early 1970s. Ford insisted that...

Author: /time Magazine | Title: Henry Ford II: 1917-1987: My Name Is on the Building | 10/12/1987 | See Source »

...first non-Ford to head it. Iacocca had been in the running, but Ford fired him in 1978. "I think you should leave," he told him. "It's best for the company." Iacocca demanded to know why this was being done to the man who fathered the Mustang and had just led Ford to two years of record profits. Ford shrugged his shoulders and said, "Sometimes you just don't like somebody." In 1980 Philip Caldwell was picked as Ford's successor...

Author: /time Magazine | Title: Henry Ford II: 1917-1987: My Name Is on the Building | 10/12/1987 | See Source »

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