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...During the Reagan years, according to another account, Reed has driven up to the same prestigious Pennsylvania Avenue address in a humble white Toyota compact. Now the whiz kid once dubbed "the Brat" is steering Citicorp on a radically different course from the one established by his expansion-minded predecessor, Walter Wriston...

Author: /time Magazine | Title: A Brash and Brainy Brat | 6/1/1987 | See Source »

...Washington & Jefferson College near Pittsburgh. Reed served in Korea as an Army Corps of Engineers officer, then briefly joined Goodyear Tire & Rubber as a trainee. In 1965 he earned a business degree from M. I. T. 's Sloan School of Management, signing on after graduation with Citicorp's predecessor, First National City Bank. Within five years, Reed found himself head of the bank's notoriously disorganized back-office operations, which were plagued by backlogs of check-processing paperwork. Reed cleared up the mess by starting work before dawn, thereby making a good start at earning his "brat" moniker. Some fellow...

Author: /time Magazine | Title: A Brash and Brainy Brat | 6/1/1987 | See Source »

Kinnock, 44, trim and combative and sporting in his lapel a red rose -- the Labor Party's new symbol -- was ebullient as he launched his campaign. It was notably different from the one that led to Labor's humiliating defeat in 1983 under his predecessor, Michael Foot. The Labor manifesto, titled Britain Will Win, ran a trim 17 pages, in contrast to 40 for the 1983 catalog of promises...

Author: /time Magazine | Title: Britain Off and Running | 6/1/1987 | See Source »

...Reed, 48, who has been Citicorp's chairman since 1984, the daring new policy highlights his emergence as the country's most influential banker (see box). By making such a turnabout on the loans, Reed is moving out of the shadow of his predecessor and mentor, Walter Wriston, who was largely responsible for Citicorp's eightfold expansion between 1967 and his retirement. Wriston was also the premier spokesmen for the go-go lending policies of U.S. banks in the 1970s. Even though to some extent Reed's current action repudiates his former boss's strategy, most bankers think Wriston would...

Author: /time Magazine | Title: Citicorp Breaks Ranks | 6/1/1987 | See Source »

This is the big opportunity Beverly Hills Cop II misses. For there is an inherent problem about any sequel that too slavishly duplicates the style and substance of its predecessor; it cannot deliver the delight of discovery that the original provided. Axel made a swell first impression, but he is still living on it, perhaps not yet a bore, but not quite as fascinating as he once promised to be. This is not going to bother the apparently vast audience that now exists for twice-told tales about familiar figures. And it makes life easy for the guys in marketing...

Author: /time Magazine | Title: Cinema: Din Among the Sheltering Palms BEVERLY HILLS COP II | 6/1/1987 | See Source »

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