Word: chairman
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Dates: during 1980-1989
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...stuffing mail into pigeonholes. Yet the old-fashioned postalworker represented by two powerful unions is going to have to adjust. "We've got to capture the savings dollar-for-dollar that these machines represent, or we can kiss the Postal Service as we know it goodbye," says Robert Setrakian, chairman of the Postal Board of Governors...
...halt the exodus, the Saatchis divided their advertising empire into two separate international networks. Backer & Spielvogel was merged with Ted Bates, while Dancer Fitzgerald Sample and Compton were combined to form Saatchi & Saatchi Worldwide. Says Carl Spielvogel, chairman of the merged Backer Spielvogel Bates network: "We don't cooperate with the other network in any way. We compete for the same clients." Simultaneously, lesser Saatchi- owned agencies were arranged in smaller groups...
...nine months advertising giant Saatchi & Saatchi has admitted that it was enduring a rough year. But when chairman Maurice Saatchi faced investment analysts in the company's luxurious London boardroom two weeks ago, the news was far worse than anyone had feared. After 19 years of uninterrupted growth, Saatchi's pretax profits for 1989 collapsed, dropping from $217 million last year to just $34 million, an 84% decline. After taxes and other provisions were deducted, the world's largest advertising firm reported its first net loss, of $92 million...
...firm. Their choice for savior: Frenchman Robert Louis-Dreyfus, 43, former president of IMS International, a New York City-based pharmaceutical and marketing firm. Louis-Dreyfus, a Harvard Business School graduate, will take over as Saatchi & Saatchi's chief executive on Jan. 1. Maurice will retain the title of chairman, and Charles will continue as the company's executive director...
With so many intractable problems facing the FDA, Sullivan's blue-ribbon panel is unlikely to be enough to stop the agency's decay. Says Democratic Congressman John Dingell, chairman of the House Energy and Commerce Committee: "It was an attempt to look like they were doing something, but they aren't and they won't." In an effort to find some creative financing for the FDA, the White House has disclosed that it is considering charging user fees to companies that seek FDA approval for products. The size of the proposed service charges has ranged from an official White...