Word: richarde
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Dates: during 1980-1989
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...District Judge Richard Williams of Alexandria, Va., had harsh words last week about the abuses uncovered by Operation Ill Wind, the federal investigation of Pentagon procurement fraud: "I can't believe our Government, the Congress and Executive, lets a system like this endure." In fact, the judge was so disgusted that he handed out astonishingly light sentences to the first two defendants convicted by a jury as a result of the probe (twelve other people have pleaded guilty). Teledyne Electronics executive George Kaub could have received 40 years in prison. His co-worker Eugene Sullivan could have got 20 years...
...phone on the desk of Richard Munro, chairman of Time Inc., rang at 6 p.m. last Tuesday. On the line was Martin Davis, chairman of Paramount Communications, a onetime industrial conglomerate that had changed its name from Gulf & Western just the day before. Davis had a stunning message for his fellow chief executive. Although Munro had assurances from Davis that he would not mount a takeover bid for Time, Davis was reneging: he declared that Paramount was launching an offer to acquire Time for $175 a share, or $10.7 billion. Time stock had closed at 126 that...
Rarely had three firms of comparable size and stature been locked in such a bizarre triangle. "You can't help worrying now about what kind of company this will produce. No one knows where this sort of runaway sled ends up," said Richard Christian, associate dean at Northwestern University's Kellogg Graduate School of Management. Declared a Los Angeles-based securities analyst: "This is going to be the greatest battle that Hollywood has ever seen...
Chairman and Chief Executive Officer: J. Richard Munro...
Editorial Director: Richard B. Stolley...