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...been to create career opportunities for mature swimmers like him -- seeking stipends and commercial sponsorship so post- collegiate athletes can hang on. He succeeded. His six-figure income reflects prize purses and exhibition fees of up to $25,000, some for races of 50 m lasting just over 20 sec. against longtime rival and Olympic teammate Tom Jager. He endorses swimsuits and looks ultra-hip in a TV ad campaign for ) sunglasses. In Barcelona, Biondi, 26, will appear in at most four events -- the 50- and 100-m freestyle races, a freestyle relay and perhaps the medley relay -- and only...
...that the people who brought us Willie Horton are back with a new anti-Clinton ad campaign, this cycle's candidate is signaling clearly that he won't pull a Dukakis and roll over without a fight. Clinton told TIME he is "not surprised" by a 60-sec. spot that invites the curious to call a number on the screen to "get to know Bill Clinton the way Gennifer Flowers did." "This is the way the Republicans make a living in national politics," says Clinton, who scornfully dismisses the President's profession of innocence and Bush's command that...
Under current rules, it's all but impossible to figure how much corporations actually pay their top executives. To take the mystery out of proxy statements, the SEC proposes that companies use uniform tables to show senior executives' compensation and illustrate more clearly how the corporation is performing compared with similar firms. The SEC also wants it spelled out how the directors determined the salary. The proposals could be adopted by the 1993 proxy season...
Back Then is a nice place to visit; its anachronisms beguile you. Ten cuts, 10 hit singles on the Bandstand chart. Ten studiously simple tunes with instantly memorable hooks. Brevity used to be the soul of rock; one of these songs runs just 2 min. 45 sec., and most of the others are longer only because they repeat their choruses exactly as many times as you want to hear them. Best of all, no drum solos; the world's most famous percussionist was always a modest gent. Here he jollies things along with his tentative voice and 4/4 pummeling...
Some critics point out that one SEC decision may even make it more profitable for insiders to act on privileged information. Under pressure from probusiness lobbyists in Congress, the SEC last year removed a 57-year-old regulation that required corporate insiders who exercised options to wait at least six months before selling the stock. The rule, which accounted for the vast majority of violations by corporate insiders, served partly to reduce the potential payoff for improper trades. Now when insiders decide to unload their portfolios, they can get a bigger bang for the buck by exercising their options...