Word: first
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Dates: during 1980-1989
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...held a research job at the Gorky Institute of World Literature. But then, in 1956, the scholar-critic secretly wrote his fanciful Tertz stories, which were published abroad in 1959. It took five more years before the authorities discovered Tertz's real identity, arrested Sinyavsky and made him the first Soviet writer imprisoned for expressing opinions through fictional characters...
...were the first installment of what Britain has announced will be a mass forced repatriation of Vietnamese boat people. Those who are to be expelled from the crown colony -- the number could exceed 40,000 -- fail to qualify as political refugees (as opposed to economic migrants) and are therefore considered illegal immigrants. Under an agreement between London and Hanoi, Britain will pay Viet Nam some $620 for each returning boat person in exchange for the promise that the returnees will not be persecuted...
...news was far worse than anyone had feared. After 19 years of uninterrupted growth, Saatchi's pretax profits for 1989 collapsed, dropping from $217 million last year to just $34 million, an 84% decline. After taxes and other provisions were deducted, the world's largest advertising firm reported its first net loss, of $92 million...
Until the brothers hit the apex of the ad world, no one questioned their claim to have a grand strategy that would turn their empire into a finely tuned global machine. But the first crack in 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...
Maurice finally sounded a tocsin last March, warning that profits would decline for at least the first half of 1989. He also announced plans to sell off much of the firm's $360 million consulting investment. Calling the move "ham-handed," Alan Gottesman, an advertising analyst at the Paine Webber brokerage firm, noted that Maurice "managed to depress morale and performance in the consulting arm at the same time that he was letting potential buyers know they could pick up the firms at a discount." Fearing a messy auction, clients began to switch to other consulting agencies. So far, only...