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Since Elisha had just dispatched the heir apparent of the nation's seventh largest company, his attempt to avoid explaining the dismissal was akin to a man trying dodge raindrops in a downpour. Questioned persistently, he finally said Walter lacked "intellectual leadership," then paraphrased Mark Twain: "The difference between president and vice president is like the difference between lightning and a lightning bug." Within hours, Walter's attorney, Bob Barnett, was holed up with AT&T executives, negotiating a golden goodbye. Walter is owed some $25.8 million under the terms of his contract...

Author: /time Magazine | Title: AT&T UNPLUGS A CEO-TO-BE | 7/28/1997 | See Source »

...American innocent must prove his folksy virtue by being semi-inarticulate, mouthing things like "Heck, b'gosh, b'gum, yuck, yuck." That is why Jimmy Stewart's hesitating-gulpy delivery was reassuring. His appeal went so deep because it touched America's belief in its own simplicity. When Mark Twain wanted to present himself as a traveling American, he called his tourist book The Innocents Abroad...

Author: /time Magazine | Title: JAMES STEWART: TWO SIDES OF INNOCENCE | 7/14/1997 | See Source »

...recalls. He studied law at the University of Wisconsin and in the early 1980s helped engineer Conrail's financial turnaround. In the mid-1980s, as president of Central Maine Power, he steered the divestiture of the controversial Seabrook nuclear plant. Rowe compares himself to the pilot of Mark Twain's Life on the Mississippi, "navigating shifting waters" where "the shore is never quite the same...

Author: /time Magazine | Title: ELECTRIC POWER: COMPETITIVE JOLTS | 6/9/1997 | See Source »

...Mark Twain's The Adventures of Huckleberry Finn...

Author: /time Magazine | Title: HISTORY'S MIXED FABRIC | 5/21/1997 | See Source »

...from the mid-1870s to the early 1900s. This has since been christened, with every reason, the Gilded Age: the time of huge, unfettered industrial expansion; of unassailable and mutually interlocking trusts, combines and cartels; of rampant money acting under laws it wrote for itself. "Get rich," wrote Mark Twain sardonically, "dishonestly if we can, honestly if we must." From this culture of greed arose the primal names of American business: Rockefeller (oil), Carnegie and Frick (steel), Vanderbilt (railroads), the Goulds, Astors, Fisks and, towering over them all, the magister ludi of saber-toothed capitalism, J. Pierpont Morgan. After...

Author: /time Magazine | Title: THE BEAUTY OF BIG | 5/21/1997 | See Source »

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