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Walt Disney Co. announced a joint venture with three Baby Bell phone companies that will eventually provide "movies on demand, interactive home shopping, educational programs, games, travel assistance and more" to 50 million customers in 19 states. The new venture, which reverses a well-publicized reluctance by Disney CEO Michael Eisner to enter the information superhighway, also includes plans for a "video navigator," heralded as the TV Guide of the 500-channel future...
Careful readers of our masthead in this issue will notice a small typographical change that in fact signals a major one in Time Inc.'s publishing leadership: the title of CEO moves from chairman Reg Brack to president Don Logan...
CHAIRMAN, CEO: Reginald K. Brack...
...homes. The dealmaking is particularly feverish among medium-size makers of components like auto parts. "Throughout all of U.S. industry, and particularly in the automotive sector, the trend is clearly toward reducing the number of suppliers you want to do business with," says Robert Eaton, Chrysler's chairman and CEO. So suppliers are rushing to team up with one another and thus increase their chances of remaining in business...
...Clinton damage-control team had one opening advantage: Roger Altman, a longtime friend of the President. As acting CEO of the RTC Altman was nominally independent, but as Deputy Treasury Secretary he was answerable to Clinton. On this day, however, Altman was about to tell White House officials he would recuse himself from any oversight of the Madison investigation. The reason was obvious: staying in place would create a conflict of interest as the RTC investigated a case involving his friend, the President. But stepping aside would mean that responsibility for the investigation would fall entirely to RTC general counsel...