Word: rand
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Dates: during 1980-1989
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While telecommunications experts were shocked by the magnitude of the proposal, it would merely be the latest in a string of major divestitures by ITT. Since he took charge of the company in 1979, Chairman Rand Araskog has spun off some 95 businesses worth about $4 billion. Meanwhile, he has channeled resources into such prized divisions as the Hartford insurance company and the Sheraton chain of 488 hotels and resorts. Says Herbert Goodfriend, a telecommunications analyst at Prudential-Bache: "Araskog is dismantling Harold Geneen's empire...
Other panelists supported the idea of integrating HMOs and other plans into Medicare. Prospective payment plans have shortened hospital stays and reduced the number of admissions, said Joseph P. Newhouse '63, a senior fellow of the Rand Corporation...
...tome in what is sure to be a continuing series of mea culpas and finger pointing organized around the theme, "Where the Reagan Revolution went astray." Despite some of the most successful politicking ever to emerge from the Oval Office, Reagan's ambitious plans to reform America in Ayn Rand's image have stalled in a pool of red ink, victim of the pragmatic wheel-dealing Stockman calls "Politics...
...success in "smuggling" it to human error, not a system deficiency. Firearms are only one of the tools of terrorism that have become more sophisticated. Security devices at airports are intended to spot weapons that could be used by hijackers. But Brian Jenkins, a terrorism expert with the Rand Corp., a think tank in Santa Monica, Calif., warns that the machines cannot identify bombs like the one planted aboard the TWA plane last week. Says he: "Explosives are made out of organic material. They won't set off a metal detector, nor do they have any distinguishing silhouette...
...month after the ENIAC's public unveiling, Eckert and Mauchly resigned rather than turn their patent rights over to the university. Five years later they developed the first commercial computer, UNIVAC 1, but business reversals forced them to sell their fledgling computer company to Remington Rand. The final insult came in 1973. Seeking to invalidate Mauchly and Eckert's patent for "the" electronic computer, Honeywell convinced a federal judge that Mauchly had based his ideas for ENIAC on the work of a computer pioneer named John Atanasoff. The patent was dismissed, and Mauchly and Eckert lost legal claim...