Word: warners
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Dates: during 1980-1989
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...told, Omnicom has lost more than $100 million in billings from the flight of customers, which include Sears, IBM and Pillsbury. The damages at Saatchi & Saatchi/Ted Bates have totaled more than $300 million; among the clients who canceled accounts were Colgate-Palmolive, Procter & Gamble and Warner-Lambert. While both agencies claim that they can absorb those losses without severe stress, the exodus of blue-chip clients has quickly soured Madison Avenue's merger mood...
...move that was of great symbolic importance even if of uncertain consequence, several major U.S. corporations announced that they would disinvest their South African holdings and leave the country. In the space of four days, plans for multimillion-dollar sell-offs were disclosed by General Motors, IBM and Warner Communications and privately confirmed by Honeywell, which officially admitted only that it was "considering" such a move...
They assumed wrong. Mecham won, and his upset victory has thrown the race into turmoil. His Democratic opponent, also chosen after a tough primary, is Carolyn Warner, for twelve years superintendent of public instruction. That choice left many of the state's top business and political leaders, who had supported neither candidate, scrambling for an alternative. Enter Bill Schulz, a millionaire real estate developer who became a Democrat in the mid-'70s and almost upset Senator Barry Goldwater in the 1980 election...
Democrats, who seemed assured of winning the statehouse with only Mecham to worry about, were rattled by Schulz's late entry. Babbitt and Democratic leaders called a press conference last week to reaffirm their support for Warner. "I've never seen the party so united," said former Governor Sam Goddard. In fact, however, Democrats as well as Republicans helped Schulz get the signatures to run as an independent. The Democrats could be split so badly by the Schulz candidacy that Mecham just might slip into the governorship...
...other business and political leaders. His nomination sent a message to the "downtown establishment," said Mecham. "No longer can we allow them to go close the door and make the decisions on what's going to happen to the rest of us." Last week's polls showed Warner and Mecham running neck and neck, with Schulz close behind. But an Arizona Republic/Phoenix Gazette survey showed that a quarter of the state's voters are undecided -- or perhaps just confused...