Word: steel
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Dates: during 1980-1989
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Some former employees say Davis is an authoritarian manager who sometimes has difficulty keeping talented subordinates. Among the top-level Paramount executives who have gone to rival companies: Barry Diller, now chairman of Fox Inc.; Michael Eisner, chief of Walt Disney; and Dawn Steel, head of Columbia Pictures. Davis told FORTUNE in 1984 that he was "thrilled" to have made the magazine's annual list of toughest bosses. FORTUNE quoted a business associate saying, "He exceeds all of the qualifications for the category of s.o.b...
...There he stood, implausibly resolute in his thin white shirt, an unknown Chinese man facing down a lumbering column of tanks. For a moment that will be long remembered, the lone man defined the struggle of China's citizens. "Why are you here?" he shouted at the silent steel hulk. "You have done nothing but create misery. My city is in chaos because...
While the books of story spinners like Danielle Steel and Judith Krantz are usually reliable bets, a more striking measure of the risky bidding war is the six-figure contracts that publishers are dangling in front of unknown authors or those who would have been considered hopelessly academic not long ago. Sometimes these eye-popping deals are based on a one-page proposal sent over a fax machine, or even on no proposal at all. Yale history professor Paul Kennedy, who received an advance of about $20,000 from Random House for his surprise 1988 best seller, The Rise...
...three investment firms -- Shearson Lehman Hutton, Goldman, Sachs and Salomon Brothers -- teamed up to buy the shares. The bombshell transaction freed Icahn to prowl once more, setting off speculation that he would make another move to take over USX. Icahn owns some 29 million shares of the oil-and-steel concern, or 11.4%, worth about $1 billion. But so far, Icahn refuses to tip his hand...
...president of the United Steel Workers union, Lynn Williams--father of a member of the Class of '89--also added his voice to the protest. As he entered the Yard with his wife and son, he joined the demonstrators, and later gave an impromptu speech...