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...granted favors and made promises that only the Attorney General could deliver, kept up to half a million dollars buried in a friend's backyard and walked around wearing a money belt filled with 75 $1,000 bills. When the jig was nearly up, Smith committed suicide. To thwart a Senate investigation, Daugherty declared his own records off limits and later resigned...

Author: /time Magazine | Title: Books: Beyond Parody | 7/27/1981 | See Source »

...They also feared that Seagram would bring in new management. Around the oil firm's headquarters, employees bitterly joked that the motto of a combined Seagram-Conoco enterprise would be "Drink and Drive." Chairman Bailey quickly searched for an alternative merger partner, or so-called white knight, to thwart Seagram's plans. His first choice was Tulsa-based Cities Service, an oil company less than half Conoco's size but with exploration rights to 10 million U.S. acres. Readily agreeing to talk, Cities Service President Charles Waidelich met with Bailey at New York City's Waldorf...

Author: /time Magazine | Title: History's Biggest Merger: Du Pont-Conoco | 7/20/1981 | See Source »

...Schmidt had to threaten to resign if his followers decided to thwart the NATO commitment. State and local chapters of the Social Democrats have already tried to do so in Baden-Württemberg and in South Hesse. But while Schmidt is feeling the strain, he is still fighting. Says he: "Do not be deceived by the activities of the young socialists, and do not overestimate them. Angst has become chic. There is no doubt that the majority of [West] Germans and a large majority of the S.P.D. support our foreign and security policies...

Author: /time Magazine | Title: West Germany: Crisis of Confidence | 7/6/1981 | See Source »

...This strikes many experts as wholly out of step with the Administration's determination to make the U.S. a more forceful world power. In the conduct of foreign policy, economic aid can promote peace or security, as in the volatile Middle East, or help thwart Communist subversion in poor countries by improving living conditions...

Author: /time Magazine | Title: More Signals to the World | 2/16/1981 | See Source »

Recognizing the threat from computer cons, many banks have installed complex safeguards. Complicated codes are used to thwart unauthorized computer use, and some systems use special programs called audit trails that record every transaction and the user. Computer-security experts, however, admit that many criminals are easily staying one step ahead of the precautions. Says Robert Campbell, president of Advanced Information Management Inc.: "I guess we're at the same stage as when we first started putting locks on the doors of our houses. They kept schoolchildren and stray animals out, but for the person who is really determined...

Author: /time Magazine | Title: The Wells Fargo Stickup | 2/16/1981 | See Source »

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