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...company while top executives were working on the reorganization plan. But the spotlight is on the gung-ho Stephens, a onetime paper-mill worker who joined Manville nine years ago. As the company's chief financial officer, he was the architect of the reorganization and moved up to CEO...

Author: /time Magazine | Title: Humbled But Raring to Go | 11/21/1988 | See Source »

...billion Haft bid, as well as a follow-up $4.6 billion offer from Kohlberg Kravis Roberts, a New York City investment firm, Kroger's management proposed to sell off dozens of properties, slash costs and offer its stockholders cash and bonds worth up to $60 a share. Says Kroger CEO Lyle Everingham: "The company is not for sale...

Author: /time Magazine | Title: The Shopping-Cart Raiders | 10/10/1988 | See Source »

...knowledge-processing systems, have exploded onto the commercial scene in the U.S., Western Europe and Japan, which is also trying to develop AI technologies. "We have spent hundreds of billions of dollars developing computer power that has set us adrift in a sea of data," says Thomas P. Kehler, CEO of IntelliCorp, a California software company. The new systems promise to put that information to work...

Author: /time Magazine | Title: Technology: Putting Knowledge to Work | 3/28/1988 | See Source »

...Soviets, but six years before NASA's maxi-station becomes operational. Besides, say ISF proponents, it poses no threat to NASA. Designed primarily for materials research and automated manufacturing, it will use little new technology and carry no life-support systems for visiting astronauts. Explains Space Industries CEO Maxime Faget, an ex-NASA engineer: "We're an interim step toward the space station." At least, says Thomas Lee, deputy director of NASA's Marshall Space Flight Center, the new policy "gives us a clear understanding of the long-term priorities...

Author: /time Magazine | Title: Space: Goodbye to Nasa's Glory Days | 2/22/1988 | See Source »

...tough line; and a senior citizen from Olympia, Wash., writes simply, "I wish we had a few more like you." Many of the letters contain money -- in amounts from $2 to $100 -- for Clark's defense fund. This past week brought some big bucks. Jack Berdy, chairman and CEO of On-Line Software, a computer company in Fort Lee, N.J., pledged $1 million in scholarships to Eastside over the next ten years, on the condition that the board resolve its conflict with the principal. "I think dismissal is inappropriate for a man who has brought so much to that school...

Author: /time Magazine | Title: Education: Getting Tough | 2/1/1988 | See Source »

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