Word: time
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Dates: during 1980-1989
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Three decades after Henry Luce slated him as heir apparent, Hedley Donovan still professes uncertainty as to what virtues the Time Inc. founder saw in deciding he would become (as he did from 1964 to 1979) the company's editor in chief. But readers of Donovan's urbane, frequently self-chiding memoir will be able to guess. He blended a heartland bourgeois regard for American values with a worldly disdain for puffery. He took pride in being able to change his mind -- notably, on Viet Nam and Richard Nixon. In chronicling his life from the rectitude of a Minnesota boyhood...
Industry and financial experts could only conclude that the problem lay with the company's founders, brothers Charles and Maurice Saatchi. Over the past four years, both men have increasingly withdrawn from the firm's day-to-day * oversight. Charles, 46, has spent much of his time becoming one of the world's most voracious art collectors, sometimes buying entire exhibitions at a single gulp. Now he is unloading scores of works at the hyperprices his frenetic buying helped create. Maurice, 43, though not as aloof as his sibling, spends less and less time with Saatchi & Saatchi employees and clients...
...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 three of the smaller agencies have been sold, for a total of $38 million...
...supporters. Pan-Africanists have warned that they would join in fighting the A.N.C. if it strikes a separate deal with De Klerk. What Mandela can do to unite blacks and lead them into negotiations will be better known when he is out of prison and able, for the first time in a quarter-century, to act freely...
...Sakharov urged the more than 2,000 parliamentarians to change the agenda of the meeting and discuss deleting articles from the constitution that stand in the way of urgently needed economic reforms. Disapproving murmurs rumbled through the hall. Was Sakharov trying to derail the proceedings? Why was he wasting time with such matters? An impatient Gorbachev finally cut Sakharov off in mid-sentence: "I have the impression that you don't know how to realize your suggestions -- and we don't either...