Word: chief
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Dates: during 1980-1989
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Even in the tensest moments, both sides are sensitive to how the world views the confrontation. Congressman Les Aspin, chairman of the House Armed Services Committee, who plays the White House chief of staff, leaves at one point to hold a press conference. On the Moscow end, Yevgeni Velikhov, vice president of the Academy of Sciences, reminds his comrades that they need to keep the Supreme Soviet, or parliament, informed of developments...
...though, Herscu found himself in serious trouble. Hit by rising interest rates in Australia and declining retail sales in the U.S., the 61-year-old empire builder did not have enough cash to weather the slowdown. By August, Hooker's U.S. subsidiary filed for bankruptcy, and Herscu resigned as chief executive...
Replacing Herscu as L.J. Hooker's chief was Sanford Sigoloff, a turnaround king who says he was not surprised to see B. Altman die. "With so many choice properties on the market, like Bloomingdale's and Saks Fifth Avenue, who would want Altman's? I hate to say the store was old, but it was outmoded." KMO Realty Partners, which now owns Altman's real estate, controls the rights to the store's name. KMO will probably try to make some use of it, perhaps selling it to an apparel maker or retailer, but the B. Altman name will probably...
...Homburg, an elite spa north of Frankfurt, is home to many of West Germany's top executives and bankers. Last Thursday morning the most eminent of the lot, Alfred Herrhausen, 59, chief executive of Deutsche Bank and personal economic adviser to Chancellor Helmut Kohl, left his home at the usual time, shortly after 8:30 a.m., and set out for Frankfurt's financial district in his armored, chauffeur-driven Mercedes-Benz 500SE, escorted by two other automobiles with four bodyguards. The car had traveled 550 yds. along a tree-lined street when a tremendous explosion hurled it into...
Since taking over as Deutsche Bank's sole chief executive in May 1988, Herrhausen had aggressively begun to change the bank, the world's 20th largest, from an insular institution to a global financial power. Only last week he made a $1.4 billion takeover bid for the British merchant bank Morgan Grenfell Group PLC. Throughout his life, Herrhausen viewed himself as a man driven by destiny to lead West Germany to new heights as a world economic power. It was a mission that was brutally shattered on a street in Bad Homburg last Thursday morning...