Word: millions
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Dates: during 1980-1989
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Maurice finally sounded a tocsin last March, warning that profits would decline for at least the first half of 1989. He also announced plans to sell off much of the firm's $360 million consulting investment. Calling the move "ham-handed," Alan Gottesman, an advertising analyst at the Paine Webber brokerage firm, noted that Maurice "managed to depress morale and performance in the consulting arm at the same time that he was letting potential buyers know they could pick up the firms at a discount." Fearing a messy auction, clients began to switch to other consulting agencies. So far, only...
More pain probably lies ahead. Louis-Dreyfus has his work cut out for him -- and a compensation package geared to inspire success. On top of a reported salary of $785,000, Louis-Dreyfus will control stock options worth at least $3 million. That value will rise substantially if he does his job well. Earlier this month, Louis-Dreyfus pledged to boost the value of the company's shares, which have traded as high as $10.70, from their current price of $4 to at least $7.85 within three years. More than another increase in its global reach, that is the kind...
Mandela's prison dialogue with the government on one side and antiapartheid forces on the other is making him ever more indispensable in efforts to bridge the gap between the country's 5 million whites and 26 million blacks. "He is the man who can create a basis upon which the authorities and the liberation movement can come to terms," says Yusuf Cachalia, a veteran antiapartheid activist...
...seven-month, $11 million Trans-Antarctica Expedition was conceived by wilderness lovers Will Steger, 45, a Minnesotan who earlier led a historic dogsled trek to the North Pole, and Jean-Louis Etienne, 43, a French physician. Their purpose was to draw attention to the increasingly endangered continent and to foster the international cooperation that can preserve it. The team, whose other members come from the Soviet Union, China, Japan and Britain, is conducting a variety of studies. Among them: recording ozone levels, air temperatures and wind speeds, and taking samples of snow that will be analyzed for pollutants...
Evidence hinting at such an eventuality is widespread. Economically, the country is barely functional. At least 43 million Soviets live below the official poverty level of 75 rubles a month ($1,500 annually) and some regions of the country have resorted to widespread rationing of even the most essential goods...