Word: sanford
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Expertly conducted by Kent Nagano, the cast included such Nixon veterans -- and Sellars favorites -- as Sanford Sylvan as Klinghoffer, James Maddalena as the ship's captain and Stephanie Friedman as one of the terrorists...
Once again North Carolina seemed in the grip of political schizophrenia. The calm and articulate Gantt, a former two-term mayor of Charlotte, may appeal to the progressive voters who gave the state a reputation for moderation by electing such Democrats as Terry Sanford, first as a forward-looking Governor and in 1986 as North Carolina's other Senator. The tart-tongued Helms, on the other hand, has won three terms by pushing hot-button hard-right issues -- pornography, school prayer, busing -- among whites in more rural parts of the state. To have a shot at Helms, local experts...
...adamant antiabortion position. A Mason-Dixon poll shows that he leads Helms 44% to 43% with 13% undecided. Yet the same poll at a similar stage in 1984 had former Governor Jim Hunt ahead of Helms by 15 percentage points -- and he lost by 4. Though prominent Democrats like Sanford have pledged to go all out for Gantt, he has no chance of amassing the $17 million that Helms spent six years ago and that his campaign claims it can raise again, if needed. Gantt's place in history is assured -- but probably as the first black challenger...
American Express has tried for months to sell part of its 60% stake in the firm. The financial giant even talked with Sanford Weill, the former head of Shearson who sold the brokerage to American Express in 1981. Finally, with no buyers in sight, Chief Executive James Robinson announced last week that American Express would purchase the rest of Shearson from shareholders in a stock-swap deal valued at $350 million. The parent company plans to cut its losses by rapidly shrinking its subsidiary. Last week it began laying off 2,000 of Shearson's 35,500 employees...
...companies do not have to file for Chapter 11 to lure the new vultures. "There are many shades of failure," says Sanford Sigoloff, a turnaround specialist who runs the bankrupt U.S. operations of Australia-based Hooker Corp., which owns the B. Altman and Bonwit Teller department-store chains. Such troubled but solvent corporations as Wang Laboratories, the Lowell, Mass., computer maker that laid off more than 1,500 workers last year, have hired "workout" advisers to help pare down their debt. By pursuing a workout instead of bankruptcy, management can maintain control of the company and generally reorganize faster. "There...