Word: successors
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Dates: during 1990-1999
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Hungry Duck owner Steele recently told Russia Review magazine that he spends about $500,000 a year on his "roof," from paying off the local police precinct to buying the higher-up connections in the militia and the FSB (the main successor organization to the KGB). Since he has to spend another $500,000 a year to protect his other bar, the quieter Chesterfield's, Steele loses 10 to 20 percent of his annual profits just to the "interests...
...later, appointing Rajath Shourie '95 the first reader representative on Feb. 2, 1994. An executive editor of The Crimson, Shourie was an established "insider," and his official job description "charged [him] with investigating reader concerns" and by implicit extension, providing justifications or excuses for Crimson policy. He, and his successor the following year, rather more represented The Crimson to its readers than the other way around...
...worked at Intel from the corporation's founding in 1968, and became CEO in 1987. When Barrett, who had overseen much of Intel's product development over the past decade, was made president in 1997, it was widely speculated that he was being groomed as Grove's successor...
...determined that the best way to restore shareholder value was to change management, revitalize the company and position it for future growth. The board determined that George Grune was singularly well qualified to return as CEO, get the company refocused and lead a turnaround while the search for his successor progressed. People who understand publishing and direct-mail marketing know it is a business with a long lead time, not one for those who insist on instant gratification. We are confident the company is on the right course. BOARD OF DIRECTORS Reader's Digest Association, Inc. Pleasantville...
...While half a dozen other companies offered competing browsers, Mozilla and its successor, Netscape Navigator, quickly became the best way to get around the World Wide Web. It was to the Web what Windows is to PCs; both had an 85% market share...