Word: top
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Dates: during 1980-1989
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...founded in 1948. If Sorrell were to succeed in taking over Ogilvy, his combined empire (estimated annual billings: $13.5 billion) would rank a close second to Britain's Saatchi & Saatchi, the world's largest ad firm. That may be more than a coincidence, for Sorrell was once the top financial officer for Saatchi. Rivals in the ad industry charge that his acquisition campaign is driven by a need to top his former employers...
Sorrell's takeover of Lord, Geller, Federico, Einstein, which was part of the JWT purchase, has proved more troublesome. Nine months after the deal, co- founder Dick Lord and five top executives walked out and formed a rival firm that they staffed with their former colleagues. Today both sides are mired in a court battle over the takeover and defection. Says Lord: "Martin is a man of property. He believes that the ends justify the means...
Egyptians are justly proud of their Pharaonic heritage, and whenever there is a report that monuments are threatened, a public outcry quickly follows. But in a country that cannot provide enough housing or food for its people, preserving and restoring antiquities is far from the top of the domestic political agenda. The budget this year for archaeological preservation is a mere $6 million, virtually all of it from the fees tourists pay to visit the monuments and museums...
Before deregulation, the five largest U.S. carriers controlled 63% of the passenger business. While many supporters of the 1978 legislation hoped it would reduce the concentration of market share among the top carriers, the opposite has happened. Today the five largest airlines -- American, United, Delta, Northwest and Continental -- control 70% of the industry traffic...
American allies are likely to be disappointed with the message Secretary of State James Baker will carry to Moscow this week: The Bush Administration would rather hang tough and see what happens than top Moscow's diplomatic initiatives. -- Meet Eduard Shevardnadze, the master builder of Mikhail Gorbachev's foreign policy whose ice-melting smile hides the glint of iron teeth...