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Some Wall Streeters think that anxiety over the possibility of a hostile takeover drove ABC into a union with Capital Cities. Leonard Goldenson, 79, ABC's builder and chairman, and Executive Vice President Frederick Pierce, 52, denied that fear was their main motivation for joining Capital Cities. But they did...

Author: /time Magazine | Title: Video: A Network Blockbuster | 4/1/1985 | See Source »

The two companies began sidling toward each other in 1982, at Capital Cities' annual management meeting. When the session was over, Pierce, a guest speaker, approached Capital Cities Chairman Thomas Murphy and said, "You know, Murph, if things ever change where they allow more stations at one company, it might...

Author: /time Magazine | Title: Video: A Network Blockbuster | 4/1/1985 | See Source »

Last Sunday, over a late dinner at New York City's Plaza hotel, Pierce and Goldenson briefed ABC's division presidents about the impending merger. The next morning, the word went out to two dozen other top management people, and finally the deal was revealed. Up until the formal announcement...

Author: /time Magazine | Title: Video: A Network Blockbuster | 4/1/1985 | See Source »

Beniamm Pierce Lecturer on Mathematics John M. Lee shares Flyd's philosophy about bringing dogs to work. "It's much more fun for Brie to come all day," he said.

Author: By Jennifer Mnookis, | Title: For some, Man's Best Friend Serves as a Teacher's Aid | 3/6/1985 | See Source »

Pickens' father, Thomas Boone Pickens Sr., now 86 and living in Amarillo, was an inveterate gambler who made and lost a fortune buying and selling oil ^ leases. He also wagered frequently on college football games. During the depths of the Great Depression, he drove around Holdenville in a dazzling Pierce...

Author: /time Magazine | Title: High Times for T. Boone Pickens | 3/4/1985 | See Source »

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