Word: third
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Dates: during 1970-1979
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Hailed in the early 1970s on Wall Street as a wunderstock and in the business press as "a savvy marketer to the Third World," ISC is today in deep trouble. In the past two years, it has piled up losses totaling more than $50 million. In February, the American Stock Exchange suspended trading in ISC, after auditors found serious irregularities in the firm's financial records. The company's longtime chairman, J. Thomas Kenneally, 52, was ousted two weeks ago, and the few employees remaining in ISC's lavish skyscraper headquarters have been busy tagging the antique...
...Oilfield Material Co. back in 1962. Then Kenneally, an enterprising Minnesotan with an aristocratic manner and a flair for finance, became its president. Through a series of acquisitions, he quickly started transforming the company into a go-go builder of specialized agricultural and petroleum systems for Iron Curtain and Third World countries. By 1972 ISC was engaged in projects in 40 countries, and Kenneally was beginning to climb on the business jet-set circuit. Two years ago he and David Rockefeller, the Chase Manhattan Bank chief, were vice chairmen of the Iran-U.S. Business Council, and Kenneally was also...
During Salant's reign, the CBS Evening News passed NBC'S Nightly News in the ratings (ABC has generally been a distant third), and became the first network newscast to expand from 15 minutes to half an hour. CBS News under Salant also launched the popular TV newsmagazine 60 Minutes, mounted controversial documentaries, and otherwise cultivated an image as the classiest of network news operations. A Harvard-trained lawyer, Salant was initially viewed with suspicion by CBS journalists, who feared he would succumb to commercial pressure from network higher-ups. But he won journalistic respect for his tough...
...that keeping the alumni happy is worth it. After all, they pay for Brown's quality. Peter gets an "A 83"-A for admit; the 83 warns that a lop-off is still possible when Rogers re-examines legacy applications in April. The committee moves on to "John": "Third in his class, 730 verbal, a genuine interest in history," says Committee Member Steve Coon, "and he can hit the long ball...
...tour in England. Ayckbourn enjoys all kinds of games and puzzles-he has a vast game room in Scarborough-and his plays are like Chinese boxes. The Norman Conquests looks at the same people from three different angles; Bedroom Farce hops into three bedrooms; Sisterly Feelings has two third acts. From night to night no one, Ayckbourn included, knows which one will be played. At the end of the second act, one of the actors pulls a coin from his pocket and flips it on stage. Heads means the third will be played one way; tails means it will...