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...fury of last week's stockholders' meeting was directed at the absent Bunting and the Hollywood divorce-like settlement he negotiated on leaving the bank. Though Bunting no longer works for First Penn, he will continue to draw his $222,600 salary through July 1. At that time he will receive $100,000 in severance pay, then $4,833 a month for the rest of his life. Exclaimed angry Stockholder Herbert C. Hannemann: "He's not bunting. He's a home-run hitter...

Author: /time Magazine | Title: Business: A Tale of Two Troubled Banks | 5/12/1980 | See Source »

Jesus' call for his followers to be sensitive to the plight of the poor and oppressed is absent in the doctrines of the supposedly "Christian" political right. In its support of a balanced budget and a strong national defense, it is willing to starve social programs (and people) to feed an already bloated military machine...

Author: /time Magazine | Title: Letters, May 5, 1980 | 5/5/1980 | See Source »

...might be tempted to say: What else is new? The free enterprise system has been constantly questioned and condemned ever since that absent-minded Scots professor Adam Smith, another revolutionary of 1776, enunciated its basic philosophy. But today's doubts are deeper and the assaults more virulent. They come not only from capitalism's old critics but from its longtime champions. Leftist Economist Robert Lekachman of the City University of New York declares: "The central economic fact of our day is the declining vitality and élan of capitalism and capitalists." And Chrysler Chairman Lee Iacocca also says: "Free enterprise...

Author: /time Magazine | Title: Business: Capitalism: Is It Working...? Of Course, but... | 4/21/1980 | See Source »

...film preceding this scene, Sybylla has pined for Beecham and has jealously resented his attention to her younger sister. The final decision is presented as the articulation of her identity as a person and a writer, but the wrenching thought process that should have precipitated the choice is absent...

Author: By Esme C. Murphy, | Title: An Almost-Brilliant Movie | 3/21/1980 | See Source »

...furious resistance was not a serious threat to the Soviet military occupation, but it was a devastating political humiliation for Moscow. First of all, it gave the Muslim insurgency a new dimension of credibility: the Kabul general strike demonstrated exactly the kind of organized resistance that had been conspicuously absent from the disunited guer rilla campaign the mujahidin (as the Muslim "holy warriors" call themselves) have been conducting in the countryside. At the same time, the civilian rage gave the He to the Kremlin's arguments that in the name of reciprocal friendship its forces...

Author: /time Magazine | Title: AFGHANISTAN: A Taunt: Kill Us! Kill Us! | 3/10/1980 | See Source »

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