Word: upstarts
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...past decade has turned out to be both the worst and the best of times. While dozens of big and small city dailies were dying, a new pattern of nationwide distribution was being born, at least for the New York Times, the Wall Street Journal and a jazzy upstart, USA Today. While the expansion of TV newscasts cut into papers' influence, the print reporter's education, status, wages-and expertise-reached new heights. Although a post-Watergate arrogance infected some journalists, many others learned to operate with sensitivity and restraint. If print journalists were villains in an Oscar...
Braniff's plight was worse than that of most U.S. airlines. Nearly all were ravaged in the late 1970s and early '80s by problems ranging from rising fuel costs to competition from upstart cut-rate carriers. Under the brash leadership of former Chairman Harding Lawrence, Braniff began to add planes and expand routes just as the economy was dropping into recession and oil prices were heading for another sharp increase...
Davis' grudge with the N.F.L. is historic. He coached the Oakland Raiders from 1963 through 1965, when the upstart American Football League appointed him its commissioner. Once he began romancing the N.F.L.'s star quarterbacks, the Establishment came around to the wisdom of merger. Whether or not he was more capable than Pete Rozelle, Davis became the odd commissioner out, and a man does not go from czar back to coach. Al took his place in the owner's box, but the game plans continue to be smudged with his fingerprints. Now and then, he also enjoys...
...their care, while banks could muster only 8.3%. As a result, the independents' share of the tax-exempt fund business, which includes pension and profit-sharing plans, has ballooned since 1975 from 20% to 37%, ahead of the banks' 35% and the insurance companies' 28%. Upstart independent firms Like Alliance Capital Management in New York City, Capital Guardian Trust in Los Angeles and LeBaron's Batterymarch Financial Management in Boston have become serious challengers to such pension-fund giants as Prudential Insurance, Equitable Life Assurance Society and Citibank. One example of the trend: General Motors plans...
...upstart airlines are succeeding by finding markets either overlooked or ignored by the big trunk carriers. One such newcomer is Hawaiian Pacific, a new Los Angeles-based airline that has begun advertising nonstop service to Honolulu. Founded by a former TV game-show producer, Hawaiian Pacific plans to serve 15 mainland cities as far east as New York City, where nonstop flights to Hawaii have mostly been unavailable. Still awaiting the resolution of questions about its financing and Civil Aeronautics Board certification, the new airline hopes to begin service on Feb. 15 with five leased 747s. After only two weeks...