Word: prestons
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...that were not enough, a high-level corporate struggle may be brewing. Laurence A. Tisch, who cofounded the Loews Corp. with his brother Preston and emerged last year as a white knight to protect CBS against further takeover attempts, has assumed a more threatening visage. Tisch began buying CBS stock last summer and in October got Government permission to increase Loews' holdings to as much as 25% of CBS's voting stock. But Tisch, who now has a seat on the CBS board of directors, reportedly refused the company's request to sign a standstill agreement that would bind...
...revenues) as well as an enormous bureaucracy (780,000 employees). For months the Postal Service board has been looking for a replacement for outgoing Postmaster General Albert V. Casey, a former airline executive who streamlined an unwieldy management during his brief seven-month tenure. Last week the board picked Preston R. (Bob) Tisch, 60, president of Loews Corp. in New York City...
...voice chorus; a 250-voice gospel choir; an 850-member drill team; 300 jazzercize dancers; 200 square dancers and 300 tap dancers --and, of course, those tenscore Elvis Presley impersonators. All that plus Kenny Rogers, Willie Nelson, Elizabeth Taylor, the Temptations, the Four Tops, Frankie Avalon, Waylon Jennings, Billy Preston, Patti LaBelle, Shirley MacLaine, Gene Kelly, Liza Minnelli, the Pointer Sisters, Charlton Heston. And Fabian...
...ultimate instance of American mixed feelings. Our popular culture? Spiffy, spectacular: Billie Holiday songs, Krazy Kat, Preston Sturges movies, Ernie Kovacs, the Four Tops, The Mary Tyler Moore Show, Bob Dylan, E.T., even blue jeans, Whoppers and soda pop. But ask again, on a dull, gray, Spenglerian day, and the view is altogether different. Alarming, appalling, totally awesome. The critic Dwight Macdonald called pop culture a spreading ooze back in the 1950s, when Sylvester Stallone was still just a boy. Today America's righteous pop thug is huge, ubiquitous, swaggering from one medium into the next and the next...
...will succeed Paul Volcker as chairman of the Federal Reserve Board when his term expires next year? A new front runner may have emerged last week when the President nominated Manuel Johnson, 37, a Fed member for only three months, to be vice chairman of the board, replacing Preston Martin, who resigned in April. Reagan also named a new board member: Bank of America Economist H. Robert Heller...