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...auto dealers and appliance-store owners. Then along came Victor Kiam (the guy who loved the shaver so much that "I bought the company") and Frank Perdue ("It takes a tough man to make a tender chicken") and, of course, Lee Iacocca. The distinguished silvery head of Iacocca's successor at Chrysler, Robert J. Eaton, is currently featured larger than life (or so we must hope) in a baffling series of newspaper ads celebrating himself and one Jurgen E. Schrempp, CEO of Daimler-Benz, as "two intuitive leaders" who had the vision to merge their companies...

Author: /time Magazine | Title: Warren Says I Should Buy a Jet | 12/14/1998 | See Source »

...short, subdued and without ostentation as the beginning three lines. In the midst of this deceptively unadorned prose, however, lurks the seed of an almost unimagineably horrible tale, which Appelfeld manages to recount in completely nonjudgmental strokes. Ultimately, it's clear why Appelfeld has been called a "worthy successor to Kafka" with his surreal, yet plausible, plots. Though the legacy of the Holocaust is never explicit, The Conversion often seems a device forcing the reader to question reality, and our ability to believe (or ignore) its ramifications...

Author: By Irene J. Hahn, CONTRIBUTING WRITER | Title: I'm Changing My Religion | 12/11/1998 | See Source »

Morita had been groomed since the third grade to become the successor of a 14-generation family business: a prominent sake-brewing company in Nagoya. In true entrepreneurial spirit, however, he traded this life of comfort and privilege for the uncertainties of a start-up, called Tokyo Telecommunications Engineering, Inc., in the rubble of postwar Japan...

Author: /time Magazine | Title: AKIO MORITA: Guru Of Gadgets | 12/7/1998 | See Source »

...Morita was asked by Gaishi Hiraiwa, then chairman of Keidanren, to be his successor. Keidanren is the most prestigious business association in Japan, and all CEOs in Japan would like to hold an important position in the organization. Until this time, Morita had never really been accepted by the Japanese establishment as Sony was a relatively small company and didn't come from the traditional strong houses of steelmaking, public utilities and heavy industry. In the Japanese economic circle, becoming chairman of Keidanren is likened to the succession of the Emperor. As it turned out, the day of Morita...

Author: /time Magazine | Title: AKIO MORITA: Guru Of Gadgets | 12/7/1998 | See Source »

...still live in an era of buyouts. But diversification has largely given way to concentration. Gulf & Western was reduced to its media component, Paramount, and then taken out by another media company, Viacom. Geneen's successor at ITT was pressured by investors to break the company into pieces. By the time Geneen died last November, all that was left of ITT Corp. was a hotel company, which would disappear into a merger two months later...

Author: /time Magazine | Title: Voracious Inc. | 12/7/1998 | See Source »

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