Word: rand
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Dates: during 1990-1999
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...double-barreled assault from the s.o.b. and Chainsaw is a righteous battle. ITT's own saintly CEO, Rand Araskog, put himself squarely in the line of fire by dismissing Hilton's overtures without so much as a meeting, and he is tearing apart the company in an effort to preserve his own job. The Price-Dunlap sound off is great news if you own ITT stock and don't like the way the company has been run. The two make for powerful allies, and investors have done well by them. As their nicknames suggest, Price and Dunlap...
...looming. The Army's top trainer, General William Hartzog, said he may lengthen basic training beyond its current eight weeks, primarily to include more human-relations instruction designed to curb sexual harassment. But Army officials say they are also weighing beefed up physical standards for recruits. That draft Rand Corp. study now circulating around the Pentagon says only 42.9% of the troops surveyed believe their unit is ready for a crisis. "That number is unsettling," the study notes, "given that the military's job is to be prepared for what is essentially a sustained crisis." At Fort Leonard Wood...
...great divider is Rand Araskog, CEO of ITT Corp., who will run ITT Destinations. He also unveiled a $2.1 billion, $70-a-share stock buyback. An exultant Araskog claimed victory, but by busting up ITT he merely beat Hilton to the punch. Says Bruce Turner, a managing director for Salomon Brothers: "His strategy happened because [Hilton CEO Stephen] Bollenbach came calling and there was no question what he would...
...years, with the U.S. share amounting to $200 million a year. Of course, if other new members are admitted during those years--as the U.S. assumes--the price will go up. At the same time, the Congressional Budget Office puts the cost at some $61 billion, and the Rand Corp. says $42 billion. Whatever the real cost, it is high enough to have caused U.S. weapons makers to join the lobbying for expansion...
...Sasson are not good examples. Check out the Website of software billionaire Paul Allen if you want a taste.) Inside this Beltway some grownups in their 20s and 30s are still obsessed with Captain Kirk. If they have any political interest, it's a lingering passion for Ayn Rand. And this Beltway's spectacular success keeps it, and them, every bit as isolated from the rest of the country as the Beltway at the other end of Highway 50. Neither Beltway has a monopoly on virtue. Each could be improved by knowing a bit more about the other...