Word: rossing
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Dates: during 1980-1989
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...offer seemed baffling, Morgan's acceptance was even more unexpected. By all accounts, he was on a very short list for the presidency of Philip Morris. Yet Morgan, who had previously never even listened to outside offers, resigned 48 hours after having lunch with Warner Chairman Steven Ross...
...sunny days before her free concert in New York City's Central Park last July, Singer Diana Ross, 39, made a generous offer: the proceeds from the TV taping of the show would be used to build a children's playground named after the erstwhile Supreme. But when the event's promoters announced that a thunderstorm had washed away the profits, there were rumblings from Mayor Edward Koch's office suggesting that it was not just Ross who had been soaked. The dark cloud hanging over the affair turned out to have a silver lining last...
...Ross Perot, 53, a Texan who has earned millions from the computer industry, disagrees. After loudly criticizing Texas schools' obsession with football, marching bands and baton twirling, he has been named by Governor Mark White to head a committee to try to reform public schools in Texas. It is likely to be an uphill struggle. Texas students spend an average of one hour a night on academic studies and as much as 15 to 20 hours a week on extracurricular activities. At least 600 of the state's 1,100 districts allocate all of their local school revenues...
...Ross seemed to have sandbagged Murdoch. But then the press lord asked the FCC last week to review the partnership proposed by Warner and Chris-Craft, arguing that if the two companies joined forces, they would illegally own both cable-TV networks and direct-broadcast stations in some cities...
Murdoch met secretly with Ross and Chris-Craft Chairman Herbert Siegel in the Manhattan offices of Allen & Co., the Australian's investment banker. Ross and Siegel reportedly tried to persuade Murdoch to sell his Warner shares, but they must have failed. Murdoch subsequently sued Warner and Chris-Craft in a Delaware state court, saying that their deal was designed merely to protect the interests of the managements of the two corporations...