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Corporate raids have inspired such colorful defensive tactics as the Pac-Man counterattack and the poison pill. Now the managers at Borden, the food and consumer-products giant, have created a novel repellent they call a "people pill." Borden said last week that its top 25 officers have agreed to resign en masse during any takeover attempt if they believe stockholders are getting less than a fair price or if any executives are fired or demoted...

Author: /time Magazine | Title: TAKEOVER DEFENSES: But What About Elsie? | 1/16/1989 | See Source »

...discovered that his heart-bypass patients "almost without exception" have lower levels of HDL and slightly higher levels of triglycerides than people without heart disease. One theory is that excess triglycerides somehow mark HDL particles for elimination by the liver. When this occurs, says Gotto, "there is this Pac-man in the liver chewing up the HDL that ordinarily would be chewing up the plaque in the artery walls...

Author: /time Magazine | Title: Medicine: Searching for Life's Elixir: HDL, the good cholesterol | 12/12/1988 | See Source »

Even hardened video-game junkies know that when the quarters run out, it is time to quit playing. That time has come for Bally, the entertainment powerhouse that once had the whole country zapping Space Invaders and propelling Pac-man through a maze. After 57 years of making pinball machines and, later, video games, the Chicago-based company announced it would sell its arcade-game division to WMS Industries, its major competitor, for $8 million. Video games earned Bally $91 million in 1982, but in 1983 the video craze cooled and profits plummeted to $5.2 million. Bally, which owns four...

Author: /time Magazine | Title: MANUFACTURING: Bally Zaps Its Video Games | 7/25/1988 | See Source »

...soon from Air Video of Toronto is a small-screen computer-game unit built into a seat tray table. The system, which is expected to be offered on some Canadian Airlines flights this fall, will enable passengers to play two to three games, ranging from chess to variants of Pac-man...

Author: /time Magazine | Title: INNOVATION: Taking Off, Tuning In | 7/4/1988 | See Source »

...hindsight it is striking that the overstuffed larders of Bush and Dukakis never became campaign issues. The Vice President, in fact, only narrowly edged Dole and Robertson in the greenback derby; the difference was that Bush husbanded his cash far more effectively. Dukakis cleverly deployed a ; bogus PAC-man issue to keep his underfunded rivals on the defensive. Political-action-committee funding may be a problem in congressional races, yet it was a minor factor in the 1988 primaries. By frequently chastising Gephardt for accepting PAC support, Dukakis pre-empted any populist complaints that he was trying...

Author: /time Magazine | Title: The Primary Lessons of 1988 | 6/20/1988 | See Source »

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