Word: shake-up
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MOSCOW--Mikhail Gorbachev pulled off a major shake-up of the Communist Party Politburo yesterday, retiring a quarter of the ruling elite in one stroke and promoting his KGB chief and his top economic planner...
Britain's giant National Westminster P.L.C. likes to advertise itself as the "Action Bank." Last week the action made front-page headlines when four of the bank's top executives, including chairman Lord Boardman, resigned. The NatWest shake-up, unprecedented in British banking, followed a July 20 report by the Department of Trade and Industry that accused the institution's investment-bank subsidiary of having "deliberately misled" stock-market investors and broken British corporate laws. The report said the wrongdoing occurred when a $1.35 billion stock offering by an employment-services company called Blue Arrow flopped and NatWest ended...
MOSCOW--President Mikhail S. Gorbachev said yesterday the strikes in Soviet coalfields were the biggest test of his four-year economic reform plan, and he called for a shake-up of the local councils which are often blamed for stopping progress...
...visit the square. "I fear that a single incident could set off a mass panic," says Liu. Liu also concedes that this innocent movement could deteriorate into a government backlash that might not carry the widespread vindictiveness of the Cultural Revolution but that nonetheless would result in a shake...
...Yaobang, who had died the previous weekend at 73, the throngs of university students actually had a much more provocative, and important, goal in mind: a demand for greater democratization in the world's most populous country. Implicit in the spreading protest campaign was a call for a shake-up in China's Communist leadership, including the retirement of Deng Xiaoping, 84, after a decade in power. In a scene never witnessed in the 40 years of Communist rule, more than 1,000 students assembled outside the ornate red-lacquered gate of Zhongnanhai compound, where the top leaders officially live...