Word: rival
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Dates: during 1960-1969
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Onganía's victory over his rival may prove Pyrrhic. Though two of the ousted service chiefs are to be given attractive ambassadorships, Alsogaray plans to stay in Argentina. His brother Alvaro resigned his post in Washington and is returning home. If they can attract enough supporters to contest Onganía's dominance of the government, together they hope to find a way to head Argentina back along the road to democracy...
When Motorola's executive vice president, C. Lester Hogan, quit last month to become president of rival Fairchild Camera & Instrument, he took seven colleagues along with him. Besides suffering a prompt drop in the price of its stock, Motorola began worrying that the mass exodus would mean a loss of trade secrets. Last week it acted. Filing suit in U.S. District Court in Phoenix, Motorola Inc. asked damages against Hogan, his associates and Fairchild, also sought to enjoin Fairchild from hiring away any more...
...Stature. G.M. could hardly be happy about losing a top man like Knudsen, just as Motorola was understandably distressed about losing Hogan. Yet, whatever the merits of Motorola's suit against Fairchild, the danger of executives carrying corporate secrets to a rival is generally not as great as it seems. Despite the secrecy fetish that Detroit makes about new models, almost everyone admits that automakers usually know all about one another's most guarded projects. It is often the same way in other industries. Says Michigan State's Jennings: "A secret is only a secret...
Having won nine National Basketball Association championships in the past ten years, the Boston Celtics are naturally the prime target of any team in the league. Now the Celtics have finally been taken-but not by an N.B.A. rival. The taker is P. Ballantine & Sons, the big Newark-based brewer (estimated 1967 sales: $90 million). Ballantine paid a Manhattan real estate investment company some $4,000,000 for the team...
...plot to strip man of his individual responsibility before God and cast doubt on the literal interpretation of the Bible. Although his influence does not extend far beyond his own organization, he nips doggedly at the heels of the World Council by showing up at its meetings to issue rival press releases...