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...afternoon in the early '70s, Katharine Hepburn and two friends entered a loge box in the London theater where Harold Pinter's Old Times was playing. Hepburn soon went prone on the floor of the box to get a closer view of the play--her chin in her cupped hands, her eyes rapt as a schoolgirl's on Christmas morning. That day the laser beam of Hepburn's gaze outshone the spotlights and, nearly, the actors onstage. Did people notice her? Oh, yes: Hepburn was the show, and she knew it. Not for nothing was her autobiography titled...
...reacting quickly if problems arise. "We don't want to do anything that increases the risk patients face," McClellan says. "We're the gold standard for safety, and we're going to stay that way." It all adds up to big changes in an industry prone to speculative excess. Given the sharp run-up this year, Weisbrod's hedge fund has cut its biotech holdings a third, and six top executives at Genentech recently sold $36 million of the company's stock. The relatively stodgy feel of the Biogen-IDEC deal has still other growth investors running for the hills...
...adds up to big changes in an industry prone to speculative excess. Investors still shouldn't touch these stocks outside a mutual fund or without diversifying across at least five companies. Given the sharp run-up this year, Weisbrod's hedge fund has cut its biotech holdings a third, and six top executives at Genentech recently sold $36 million of the stock. The relatively stodgy feel of the Biogen-IDEC deal has still other growth investors running for the hills. It's all part of growing up--and part of Mullen's plan. --With reporting by Eric Roston/Washington and Unmesh...
DIED. LESTER MADDOX, 87, flamboyant restaurant owner turned segregationist Georgia Governor; in Atlanta. Maddox, who as Governor was prone to stunts like riding on the hood of a car to announce a new stretch of highway, gained local notoriety by loudly refusing to serve three black Georgia Tech students in his Pickrick Restaurant in the wake of the newly signed Civil Rights Act--and by distributing ax handles to patrons as symbols of defiance. A frequent target of newspaper caricatures, the former soda jerk never apologized for his positions, saying in 2001, "I want my race preserved. I think forced...
...Chinese public has long been prone to worship leaders who appear even infinitesimally different from dictators. Take, for example, the public's veneration of Premier Zhou Enlai toward the end of the Cultural Revolution. That reverence had much more to do with disillusionment with Mao than evidence that Zhou was truly another kind of leader. As the French politician L?on Blum once said, "I believe it because I hope for it." The Chinese public might mistake benevolence from their ruler for democratic values and might confuse administrative reforms with real political reforms?but the leadership will...