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Word: weres (lookup in dictionary) (lookup stats)
Dates: during 1980-1989
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To halt the exodus, the Saatchis divided their advertising empire into two separate international networks. Backer & Spielvogel was merged with Ted Bates, while Dancer Fitzgerald Sample and Compton were combined to form Saatchi & Saatchi Worldwide. Says Carl Spielvogel, chairman of the merged Backer Spielvogel Bates network: "We don't cooperate...

Author: /time Magazine | Title: Sibling Setbacks | 12/25/1989 | See Source »

The Saatchis seem to have reached the same conclusion. In October the brothers announced that they were in effect demoting themselves and bringing in new management to salvage the firm. Their choice for savior: Frenchman Robert Louis-Dreyfus, 43, former president of IMS International, a New York City-based pharmaceutical...

Author: /time Magazine | Title: Sibling Setbacks | 12/25/1989 | See Source »

Investors agreed. They flocked to place money with the brothers, who had earned a reputation for creativity and bareknuckle competitiveness in the genteel British ad market. The Saatchis went on a billion-dollar spree that sparked panic on then complacent Madison Avenue and helped fuel a merger frenzy as other...

Author: /time Magazine | Title: Sibling Setbacks | 12/25/1989 | See Source »

Saatchi management launched an overall restructuring program. Starting last spring, more than 800 corporate employees lost their jobs. Plans were laid to close corporate offices in Washington and to trim operations in New York City and in London, where the corporate staff last year moved into a glossy new global...

Author: /time Magazine | Title: Sibling Setbacks | 12/25/1989 | See Source »

Not all of Mandela's A.N.C. comrades were pleased by the exchange. Many were similarly disgruntled over the July meeting with Botha, an encounter of less import, considering that Botha was a lame duck. Some A.N.C. members seem to object to Mandela's taking a supreme role in the organization...

Author: /time Magazine | Title: South Africa Meeting of Different Minds | 12/25/1989 | See Source »

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