Word: refurbishings
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Haack would have preferred the bankers to cancel still more of the debt in return for warrants. Nonetheless, he had good reason to be pleased. The refinancing has bought the company the time it needs to try to fill its order books and refurbish Lockheed's image following its payola scandals. Shareholders will be asked to approve the deal at a long-postponed annual meeting early in the fall. Haack is confident that they will find the company's prospects brighter than they have in some years. Said he, in an interview with TIME Correspondent Jerry Hannifin...
Official Status. Publicly the Egyptians had to do something to refurbish their image as champions of Arab solidarity. To one-up their Syrian rivals, the Egyptian delegation at the U.N. called for an immediate emergency meeting of the Security Council last Wednesday to discuss "Israeli aggression" against Lebanon-with P.L.O. participation. The P.L.O. then forced the issue of their official status at the U.N. by refusing to participate under Procedural Rule 39, which would allow them to participate rather amorphously as "persons who can supply information" useful to the council. Instead, they asked to be admitted under Rule 37, which...
While past directors have influenced the Fogg through their efforts as collectors. Slive's efforts will be directed more towards ensuring the well-being of what the museum already has. "His main challenge will be to refurbish the building, to expand it, to make the Fogg's fiscal structure sound," says Rosenfield. "The museum is at a crossroads in this sense...
...Miki has also long had the reputation of being an idealistic party reformer. Although it is suspected that he is not quite the "Mr. Clean" he claims to be, he has been untainted by the major scandals involving party fundraising. For this reason, Miki is a plausible choice to refurbish the Liberal Democrats' somewhat tarnished public image. He is also widely respected for his political hara (guts...
...exposed the vulnerability of Israel's vaunted defense machine, the state-owned, supersecret Israel Aircraft Industries Ltd., which builds and services planes for peace and war, was showing signs of strain. Its first two tries at building executive jets seemed to have flopped expensively, and its attempts to refurbish and resell old planes appeared to be sputtering. Shortly before the war, Moshe Dayan, then head of the Defense Ministry, tried to oust the company's boss, Al Schwimmer...