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...tender offer was the latest in a series by United's aggressive chairman, Harry Gray, who became head of what was then United Aircraft in 1972 and promptly set about diversifying his company away from its dependence on Government orders. Since 1972, United's revenues have more than doubled, to $5.2 billion last year, and earnings have tripled, to $157 million; Government contracts have declined from half the company's business to less than a third. United's 1974 takeover of Essex International, a wire manufacturer, and its 1975 merger with Otis Elevator Co., the world...

Author: /time Magazine | Title: MERGERS: Not-So-Tender Offer | 4/11/1977 | See Source »

Fruitless Overtures. As with his earlier acquisition efforts, Gray's attempt to swallow up Babcock & Wilcox has not left his target's management cheering. The tender-offer announcement, which caught Wall Street by surprise, followed weeks of fruitless overtures by Gray to B&W's chairman, George Zipf. Last week, after Gray had finally managed to see Zipf twice to no avail, he rocketed off what amounted to an ultimatum, telling Zipf that he had until week's end to declare whether B & W would fight the offer. Zipfs reply was both immediate and curt...

Author: /time Magazine | Title: MERGERS: Not-So-Tender Offer | 4/11/1977 | See Source »

...robbing banks, post offices, and train stations because he can't afford to pay his employees (devoted to wood, he's being beaten in the market by the manufacturers of plastics) into a film that is more complex than its unostentatious style would indicate. Beneath the country picnics, the tender-funny lovemaking, the man who robs a bank with a bandage on his nose and a single bullet in his gun, Goretta raises questions about the tenuous nature of our expectations, the impossibility of accomplishment in a money-oriented world, the reasons why we love. The film is quiet...

Author: By Joellen Wlodkowski, | Title: Much Better Than All That | 3/29/1977 | See Source »

...properly. But Biggs chose to neglect his health, rather than his art. The next day at Symphony Hall, Biggs positioned the organ so that no one would be able to witness the incredible feat that was to follow, and he gave a brilliant performance, holding the tender and fractured right arm with the healthy left one, whenever he needed...

Author: NO WRITER ATTRIBUTED | Title: E. Power Biggs 1907-1977 | 3/16/1977 | See Source »

There remains a widespread tendency among the uptight to protect tender minds by censoring sources of information concerning the magnitude of sexual variation in the world at large, and historic figures in particular. A recent Italian television series on the life of Leonardo DaVinci provides an example of how history is managed. One episode concerned the young DaVinci and his friends being hauled in before the local inquisition. The English narration as seen in America described the case as "heresy," thereby protecting our American sensibilities from the dreadful historic facts of his well known homosexuality...

Author: NO WRITER ATTRIBUTED | Title: All You Need Is Love | 3/15/1977 | See Source »

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