Word: olson
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Dates: during 1980-1989
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Goodbye, Charlie Brown, and hello, Jimmy Olsen. No, Superman's pal Jimmy is not taking Charlie's place in Peanuts. Rather, James Olson, 60, was last week named the new chief executive of AT&T, succeeding Charles Brown, 64, who will retire. "The new AT&T is confidently launched on its new course," said Brown. Declared Olson: "Never have I been more challenged...
...such homilies are corporate succession speeches made, but despite the rhetoric, Olson inherits a troubled company. To be sure, AT&T is earning record profits in its traditional business: providing long-distance phone service. The company has an 80% share of the $41 billion market. But profits from rentals of residential phone equipment have fallen from $200 million in 1984 to $150 million last year. Moreover, the communications conglomerate is losing an estimated $950 million a year in its computer- and telephone- equipmen t divisions. AT&T launched its computer group with great expectations after the breakup...
...pinch-hitter Paul Rooney singled and scored on an error by Red left fielder Eric Olson, who misplayed a Renninger single...
Saves--D, Chris Olson 13-6-6--25; H, Grant Blair...
Smith got the Crimson going again with 14 minutes left in the game when his 40-ft. blast soared past a surprised Olson...