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Since putting his company in play six weeks ago, RJR Nabisco president Ross Johnson has refused all public comment. Last Friday he changed his mind and met with TIME senior correspondent Frederick Ungeheuer in Jupiter...
...went to the board on Wednesday night, Oct. 19. All members of the board were there. I said I'm not going to do this unless you tell me to go ahead. They studied it for an hour to an hour and a half and came back and said, "Ross, is this frivolous?" I said, "Define frivolous." They said, not frivolous would be anything north of the highest that the stock of this company has ever traded at. That is about $71 per share. I said, "It is north of that." They said, "Well, then you should make...
...years ago, journalist John Fraser and photographer Eve Arnold undertook to cover a season (1986-87) with the American Ballet Theatre: the rehearsals, the tour, the filming of the Herbert Ross movie Dancers in Italy. Their achievement is that they manage to animate the dailiness of backstage life from the point of view of both the artistic management, led by Mikhail Baryshnikov, and the dancers. Fraser's prose may be gushy at times, and Arnold's photos are grainy, but both beat with life and explode with candor. The arias of shop talk, the revelation of fears and jealousies...
...date was portentous: on Oct. 19, precisely one year after the stock market crashed, the chief executive of RJR Nabisco was the host of a lavish meal at Atlanta's Waverly Hotel. Ross Johnson's guests had come to expect such treatment. A brash and hard-driving manager with a fondness for fine living, he liked to treat RJR Nabisco's board members to an elegant evening out before the next day's regular meeting...
...exclusive interview with chief executive officer of RJR Nabisco, Ross Johnson, accompanies the main story. Senior correspondent Frederick Ungeheuer and his wife were about to sit down to Thanksgiving dinner with 20 friends in Roxbury, Conn., when he received word that Johnson, who has refused all public comment since launching his takeover bid in mid-October, was ready to talk. Ungeheuer left immediately for Jupiter, Fla., where Johnson was spending a holiday away from the fray, for a one-hour talk about the megadeal. Ungeheuer has met other big dealmakers in his 25 years of covering business for TIME...