Word: controller
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Dates: during 1990-1990
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...members included Albert Reichmann, chairman of Olympia & York Developments, a Canadian real estate giant that has invested $700 million in Campeau Corp. and holds a 38% stake in the company. Emerging from four days of meetings in Toronto's pink marble Scotia Plaza, the directors said they had vested control of the U.S. stores in a voting trust to be run by a board of U.S. trustees...
...shake-up came as Campeau's troubles threatened to spiral out of control. Anxious suppliers have refused to sell their wares to Campeau units for fear of not being paid. At the same time, Campeau's 100,000 U.S. employees are worried about layoffs, and many top officers have begun to seek new jobs. Says Robert Nesbit, a managing partner at Korn/Ferry, the world's largest executive-search firm: "I shudder at what is happening. Never before have the proud people at Allied and Federated sought us out. Now we are talking to three or four top divisional and corporate...
...Force AWACS (Airborne Warning and Control System) planes would patrol drug routes along the Gulf of Mexico. At the same time, the North American Aerospace Defense Command (NORAD) near Colorado Springs, would use its ground and air radar stations -- designed for early warning against a Soviet missile attack -- to relay intelligence on any drug movements to law-enforcement agencies...
Good news rarely kicks up controversy, but this may be an exception. A report soon to be published by the national Centers for Disease Control estimates that the size of the AIDS epidemic is significantly smaller than originally projected. Since 1986, the Federal Government has claimed that as many as 1.5 million Americans were infected with the incurable virus. The number soon to be announced will be around 1 million, and some Government officials suggest that the count could be as low as 650,000. Also, the rate of new infections in New York City, Los Angeles and San Francisco...
...doing so, AIDS activists overcame conservative resistance and rightfully elevated the fight against the disease to the top of the nation's public-health agenda. Says June Osborn, chair of the National AIDS Commission: "We should not be content or comfortable. The national response to an out-of-control epidemic has been frighteningly modest...