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TIME (ISSN 0040-781X) is published weekly except for two issues combined into one at year-end for $61.88 per year by Time Inc. Principal Office: Time & Life Building, Rockefeller Center, New York, N.Y., 10020-1393. Reginald K. Brack Jr., Chairman, CEO; Don Logan, President; Joseph A. Ripp, Treasurer; Harry M. Johnston, Secretary. Second-class postage paid at New York, New York, and at additional mailing offices. (c) 1994 Time Inc. All rights reserved. Reproduction in whole or in part without written permission is prohibited. TIME and the Red Border Design are protected through trademark registration in the United...
PRESIDENT, CEO: Don Logan...
...simply a two-term Congressman with an interest in military affairs, yet he rose all the way to Secretary of Defense. How well did that turn out? Clinton, Rather, Biden, Senator Sam Nunn, columnist George Will, California Governor and possible Republican presidential nominee Pete Wilson, lawyer Alan Dershowitz, Citibank CEO John Reed -- all were on the lists of potential leaders, and all could be said to have realized their potential. Even so, the leadership vacuum remains. We have the leaders we wanted. Now what...
PRESIDENT, CEO: Don Logan...
Sony's Hollywood foray began, as so many sour business deals do, with bold rhetoric and grand strategies. Norio Ohga, the part-time symphony orchestra conductor who has been Sony's CEO since 1989, believed in a "synergy" between Sony's core business, producing "hardware" such as VCRS and camcorders, and Hollywood's "software" -- movies. Owning a studio, Sony thought, would help give the company the clout to set the industry standard for the next generation of digital video technology. In the early 1980s Sony's Betamax format of analog videotapes lost out to VHS, so Sony was determined...