Word: secret
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Dates: during 1980-1989
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Investors had barely settled into their chairs at the annual meeting in London of Saatchi & Saatchi, the world's largest advertising agency, when Chairman Maurice Saatchi unloaded his uncomfortable secret. The firm's profits, he said, will slump during 1989 for the first time since the agency was founded 19 years ago. Said he: "It's going to be a tough year." Stunned by the abrupt reversal at the juggernaut company, analysts slashed their predictions of its 1989 profits from $280 million to about $165 million. The company's stock plunged, falling more than...
...updated version of the TV show Mission: Impossible, special agent Jim Phelps no longer gets his top-secret instructions by merely opening an envelope and listening to a tape recorder. These days Phelps puts his right thumb on the special pad of a black box that, after reading his thumbprint, promptly pops open and gives a laser-disc video presentation of his next assignment. No one but Phelps can open the box because no one else has his thumbprint...
...front-page news that provides a convincing sales pitch. After the 1987 stock-market crash shook investor confidence in securities, con artists began pushing such alternatives as rare coins, gold, oil and gas leases, and diamonds. One Tulsa-based telemarketing company cleaned up by selling shares in a "secret process" for converting volcanic sand on Costa Rican beaches into gold. A swindler who had been convicted of selling shares in a nonexistent gold mine continued to solicit new investors from a pay phone in his Wyoming prison...
...first alarm bell rang in February, when Baseball Commissioner Peter Ueberroth and National League President A. Bartlett Giamatti summoned Rose to New York City for a private conversation on a secret subject. Reporters who knew Rose guessed gambling. Last week Ueberroth acknowledged that his office was conducting an ongoing investigation into "serious allegations" after Ron Peters and Alan Statman, a saloon-keeping bookie and his lawyer, claimed they had been cooperating with the commissioner's office. They offered to expand on their testimony for a fee to SPORTS ILLUSTRATED and the Cincinnati Enquirer. Both publications demurred. But the story began...
...most of us in the U.S., secret police and high-speed car chases are just the stuff of movies. But not to TIME's Eastern Europe bureau chief Kenneth Banta. They're sometimes a real part of the job of covering a bloc of nations not always known for their hospitality to the press. During one trip to Prague to attend a dissident conference, Banta and his translator were met at their hotel by a pair of dark sedans filled with secret police eager to dissuade the reporters from venturing out. Undaunted, Banta's translator gunned his small Czech-made...