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...shares as feverishly as well-heeled Texas art fanciers at a Sotheby's auction. The bidding started at $42 per share offered by United in March, and spiraled up until last week United was offering $58.50 and McDermott $62.50. At that point, United Chairman Harry Gray, a shrewd takeover dealer, decided "it wasn't in the interest of our shareholders to pay any higher fare for the bus ride." His pullout left the little-known McDermott (it makes offshore drilling rigs) the winner of the takeover battle of the year...

Author: /time Magazine | Title: Business: A New Champ Of Takeover | 9/5/1977 | See Source »

...counterproductive. As he has often done in domestic affairs, he sometimes seems to think that enunciating a great goal is the same as doing something about it. Is Carter simply an idealist, applying Southern Baptist religiosity and New World populism to the complexities of diplomacy? Or is he shrewd, even Machiavellian, bobbing here and weaving there in order to camouflage his pursuit of some well-wrought global goals? Or is he, perhaps, merely inexperienced and naive...

Author: /time Magazine | Title: FOREIGN RELATIONS: GARTER SPINS THE WORLD | 8/8/1977 | See Source »

Begin impressed White House and State Department aides as witty, bright, shrewd-and tough as nails. The only top member of Carter's entourage who had met him before was Brzezinski. From the Israeli Holocaust memorial, Yad Vashem, the Premier had brought copies of letters written in 1933 by Brzezinski's father Tadeusz, at the time Polish consul in Leipzig. The elder Brzezinski in those stern memos to German authorities had protested their discrimination against Jews. It was a well-meant but pointed gift, indeed, to the younger Brzezinski, whom the Israelis have tabbed as pro-Arab...

Author: /time Magazine | Title: DIPLOMACY: From Geneva Up to Geneva Down | 8/1/1977 | See Source »

Married. Michael A. Bilandic, 54, shrewd, bland mayor of Chicago who was groomed by the late Richard Daley to succeed him; and wealthy Socialite Heather Morgan, 34, outgoing executive director of the Chicago Council on Fine Arts; both for the first time; in Chicago...

Author: /time Magazine | Title: Milestones, Jul. 25, 1977 | 7/25/1977 | See Source »

...Star Is Born-a tale of two women allied in a successful assault on wealth, fame and political power. The star is Elesina Dart, a beauty of good background who has gone through two marriages and flubbed one promising theatrical career. The impresario is Ivy Trask, a cynical, shrewd middle-aged fashion editor and social arbiter at Broadlawns, the Westchester estate of Judge Irving Stein, banker and art collector...

Author: /time Magazine | Title: Books: Auchincloss's Rules of the Game | 7/11/1977 | See Source »

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