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...reassure creditors, the corporation's directors last week banished Robert Campeau from all U.S. operations and said he would confine himself to developing Canadian real estate. The twelve board members included Albert Reichmann, chairman of Olympia & York Developments, a Canadian real estate giant that has invested $700 million in Campeau Corp. and holds a 38% stake in the company. Emerging from four days of meetings in Toronto's pink marble Scotia Plaza, the directors said they had vested control of the U.S. stores in a voting trust to be run by a board of U.S. trustees...

Author: /time Magazine | Title: How Do You Spell Relief? Robert Campeau | 1/22/1990 | See Source »

...overlap them in ways that work in the movie's naturalistic context. But Herbert Ross insists on theatricality. His editing even provides awkward little pauses for the audience to fill with laughter, just as if this were still a play. As a result, some very good performers (Shirley MacLaine, Olympia Dukakis, Daryl Hannah, Dolly Parton) function less as full-scale sorority sisters than as chorus members who elbow their way up front in a crowd of even sketchier characters...

Author: /time Magazine | Title: Cinema: Festive Film Fare for Thanksgiving: Steel Magnolias | 11/20/1989 | See Source »

...grand visionary scheme has been more than two decades in the making, but this year it has come into full flower. Almost 30,000 people work in the World Financial Center, four stunning towers that won new laurels for internationally renowned architect Cesar Pelli and Canada-based developers Olympia & York. In the financial district, where the last broker to leave Wall < Street used to put out the cat each night, more than 6,000 residents have settled into the thicket of 19 new apartment buildings, creating a flourishing neighborhood. Upwards of 40 restaurants and glossy shops have followed. This week...

Author: /time Magazine | Title: Living: Where The Skyline Meets the Shore | 10/23/1989 | See Source »

...company's shares was halted for three days while the firm scrambled to meet a Friday deadline for repayment of loans from its U.S. investment bankers: First Boston, Paine Webber and Dillon, Read. Campeau averted the crisis by arranging a $250 million loan from real estate giant Olympia & York, a major Campeau stockholder owned by Toronto's Reichmann family. As a result, Campeau's controlling interest in the firm he founded in 1949 slipped below a majority stake, from 53% to about 43%, while the Reichmann holdings increased from 24.5% to some...

Author: /time Magazine | Title: The Empire Shrinks Back | 9/25/1989 | See Source »

This includes Western art history and aspects of Japan's own cultural past. Osaka native Yasumasa Morimura, for example, places himself as the main character in carefully staged and photographed "reproductions" of well-known Western paintings like Manet's Olympia. Tomiaki Yamamoto melds brushy abstract expressionism with the pattern-oriented design sensibility of traditional Japanese textiles. Often his splashy tableaux resemble spread-out kimonos. Typically, as in Untitled, 1985, they are covered with an obsessive, all-over rash of heavily impastoed, drippy dots. Far less theatrical but also keenly focused on subject matter and technique, sculptor Katsura Funakoshi creates blank...

Author: /time Magazine | Title: Art: No More Tributes to Mount Fuji | 7/31/1989 | See Source »

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