Word: closing
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Dates: during 1980-1989
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...torch-singer ex-girlfriend, now reduced to offering more private entertainments; and a spooky guru bilking the faithful. Librettist Larry Gelbart cheerily exploits these cliches without sneering at the genre. In telling the Hollywood side of the story, however, he is at times as snide as in his just closed satire of Iran-contra, Mastergate. But when he becomes cranky about the writer's woeful lot, the show is redeemed by the wit and humanity of David Zippel's lyrics and the zip of Cy Coleman's score, which delights in the past without sinking to pastiche except, maybe...
...Navigation Foundation reviewed celestial positions and ocean-depth soundings marked in the logs, and even examined the shadows in photographs to calculate the angle of the sun and help fix the locations in the pictures. The conclusion: Peary made it to within 8 km (5 miles) of the pole, close enough to confirm his place in history...
Meanwhile the overcrowded camps in Hong Kong threaten to erupt in violence and disease. The refugees' presence is deeply resented, since many of Hong Kong's 5.7 million people have close relatives who have been denied sanctuary and deported to China...
...that facade occurred in January 1986, just two months before the purchase of Bates, when longtime finance chief Martin Sorrell departed to start his own agency. Sorrell, who had grown restive as a Saatchi subordinate, has since assembled an agency group, WPP, with annual revenues of $1.2 billion. Close observers of Saatchi & Saatchi date the firm's financial drift from Sorrell's departure. Says a marketing executive in London: "He guided them. When he left, they did not know...
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 headquarters on sedate Berkeley Square. In addition, five of the firm's twelve directors left. As rumors of further shake-ups spread, Carl Spielvogel offered in July to buy the Backer Spielvogel Bates network. Charles Saatchi declined...