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...when John Mariotta, a diemaker, high school dropout, and the Manhattan-born son of Puerto Rican parents, invested $3,000 to start a small manufacturing company in a renovated brick garage in a desolate area of the South Bronx. Five years later Mariotta struck up a partnership with Fred Neuberger, a mechanical engineer who as a boy had escaped Nazi persecution in Eastern Europe. The firm, then known as Welbilt Electronics, struggled to survive, winning only a few small contracts...

Author: /time Magazine | Title: A Tale of Urban Greed | 4/20/1987 | See Source »

...candidate for the position, and the house felt very strongly and endorsed her," said Dean of the College L. Fred Jewett '57. "I was very pleased...

Author: By Brooke A. Masters, | Title: Flug Made Senior Tutor At Winthrop | 4/18/1987 | See Source »

Sticking intently to the one business it knows best, McDonald's has been able to stay clear of Wall Street's merger-and-restructuring mayhem. The single-minded outfit prefers as few distractions as possible from its imperatives of "cleaner, faster, hotter." Diversify? No way, said Chairman Fred Turner recently to a fellow executive. "We have 16,000 rest rooms," noted Turner. "As soon as those are all clean, we'll talk diversification." Considering McDonald's penchant for perfectionism, that time may be a long...

Author: /time Magazine | Title: Big Mac Strikes Back | 4/13/1987 | See Source »

...microchips -- finely etched electronic devices that process thousands of bits of information per second -- to the burgeoning world of high tech. Semiconductors are now used in virtually every advanced technology, including the Cray supercomputers that are a key component of the Reagan Administration's Strategic Defense Initiative. Says C. Fred Bergsten, director of the Washington-based Institute for International Economics: "Practically everyone in the U.S. agrees that semiconductors is a critical industry and that it would be dangerous, both to the economy and to national security, to lose...

Author: /time Magazine | Title: Trade Face-Off: A dangerous U.S.-Japan confrontation | 4/13/1987 | See Source »

...Dean of the College L. Fred Jewett '57said, "You never know until the last day whenstudents arrive...

Author: By Brooke A. Masters, | Title: Crowding in Houses to Ease in '87-88 | 4/9/1987 | See Source »

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