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...right, all right, it must be admitted: Michael Jackson is a special case. He may be the hottest single in show business right now. He is a supremely gifted performer, the Fred Astaire of video. But no one is too big for a video boost. Thriller, the megabit Jackson album, had already sold more than 2 million copies in the U.S. when the first video, Billie Jean, hit the clubs and the air waves. The album went on to sell more than 10 million additional copies. Jackson was on such a streak that he could, with impunity, spend an estimated...
Companies buying foreign steel, though, counterattacked last week during the annual meeting of the American Institute for Imported Steel. Fred Lamesch, the group's newly elected president, warned that quotas could increase prices for steel products in the U.S. by as much as 20% next year and maintained that such measures would only lead to an inefficient U.S. steel industry. Said he: "Protectionism makes an industry become lazy and nonaggressive in modernizing...
Lawrence J. Cohen and Fred Free man, the creators of the show, have invented a conglomerate that might better be called Bedlam Inc. The company's indecisive sales manager answers yes-or-no questions with a paralyzed "Nes" and blurts out unsolicited confessions. He tells his wife, "You know that huge Hawaiian barbecue pit we put in? Well, I didn't pay for it. I buried it in the Kuwaiti bid under market research." Cohen maintains that this is how companies really work. "This is a comedy and will treat business like...
Despite the Crugnales' problems with the growing renown of Steve's, the suddenness of the sale came as a surprise to some employees Fred Baldinelli, the manager of the original Steve's in Somerville, said that he had expected the sale of the chain, but was surprised that it came this soon...
...Most major publications, including TIME, get background information at official briefings or through interviews of behind-the-scenes participants. In such cases, the source justifiably insists on anonymity. "The alternative is not to do a lot of stories the public ought to see," says Wall Street Journal Executive Editor Fred Taylor. But editors have become more aware that anonymous information must be used carefully. Michael Carlin, producer in charge of investigative stories at Atlanta's WAGA-TV, says, "The more I use anonymous sources, the less I like it. The more critical you are of someone, the greater...