Word: tisch
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Dates: during 1990-1999
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...grim day for CBS chief executive Laurence Tisch. News writers were on strike against his network; employees were up in arms over another round of layoffs; criticism in the press was mounting. Now, on this March morning in 1987, Tisch opened his New York Times to see an op-ed piece signed by none other than Dan Rather, bitterly attacking the Tisch-instigated news cutbacks. The Washington Post offered yet another litany of complaints from news staffers about the cost cutting...
...Unbelievable!" Tisch moaned on reading one charge, tossing his newspaper against the flowers that adorned his private dining table. To reports that some CBS News stars had offered to take salary cuts in order to save jobs, Tisch scoffed, "These are the biggest bunch of liars I've ever seen in my life!" His son Jimmy came into the office to commiserate. "Calm down, Dad," he pleaded...
...Auletta, a resourceful and very fortunate reporter, was sitting at breakfast with Tisch that morning. In fact, Auletta seems to have been practically everywhere he wanted to be over the past six years. He began researching Three Blind Mice, his exhaustive behind-the-scenes look at the three broadcast networks, just as they were entering the most turbulent phase in their history. Cable and other competitors were gaining power; network audiences were shrinking; new corporate owners, with a bottom-line orientation, were taking control. Through it all, Auletta was the proverbial fly on the wall. He talked regularly with...
...confident. Warren Buffett, the Wall Street legend who in a lifetime has turned $9,000 into more than $3 billion, recently bought major stakes in troubled industries. He invested an estimated $250 million in Wells Fargo & Co. and $300 million in Champion International, a paper-products company. Laurence Tisch and his family-controlled Loews Corp. have sunk hundreds of millions of dollars into Bank of Boston and Continental Bank. Concludes security analyst Bruce Benteman, who tracks the nation's wealthiest stock pickers: "Everyone thinks our problems in banking and real estate are worse than they've ever been...
...dictators. But here the big story and intrigue are inside TV itself -- the takeover of a network very much like CBS, where Katz was executive producer of the Morning News from 1983 to 1985. The corporate raider is compounded in equal measure of Donald Trump, CBS chief executive Laurence Tisch and a handful of other hardball players from the headlines. Katz's hero is a work-obsessed producer who undergoes a classic mid-life crisis in which he questions the value of ambition, propositions a female colleague, visits a prostitute, loses his job and realizes that there is more...