Word: successors
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Dates: during 1980-1989
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Governor Michael S. Dukakis and his would-be successor, Republican George Kariotis, faced off last night in a packed Fanueil Hall, despite the evening's other, more compelling conflict...
...BankAmerica (current assets: $117 billion) had already picked up quite a bit. The 15-member BankAmerica board had met over the previous weekend to recall Clausen hastily from his retirement in Washington. His task: to take over as chief executive officer from the man who was both his successor and now his predecessor, President Samuel Armacost, 47, who resigned on Oct. 10. Directors also bade farewell to BankAmerica Chairman Leland Prussia, 57, who took early retirement. Now Clausen must deal quickly with a flood of red ink amounting to almost $1 billion in losses in the past five quarters...
...short run, Clausen does not intend to do things much differently than what Armacost, who was picked by Clausen as his successor in 1981, was at the end. Armacost had begun selling $1.3 billion in assets and chopping 5,000 staffers from an 80,000-member payroll. Another 5,000 layoffs are expected...
Prime Minister Mario Machungo and dos Santos will rule the nation until a successor is chosen after Machel's funeral, expected sometime next week...
...Dick Button was way ahead of his time," Wylie, his modern successor, says. "He was doing triple axels before people were doing all of the double [axels]. (A triple axel, by the way, is an ice skating maneuver in which the skater jumps off a single blade and completes two and one-half revolutions in midair before landing backwards on a single blade...