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Eventually, Moore found himself talking to a fellow lawyer--RJR's CEO Steven Goldstone, who before taking over the company was its general counsel and a litigator at the New York law firm of Davis Polk & Wardwell. Negotiated settlements were not unknown to him, and Moore had made it clear that the talks could not proceed without tobacco's top officers. Goldstone soon persuaded Philip Morris CEO Geoffrey Bible to have a sit-down with the opposition...

Author: /time Magazine | Title: SORRY, PARDNER | 6/30/1997 | See Source »

...memo to employees only hours after the deal was sealed, Steven Goldstone, CEO of RJR Nabisco, wrote that the historic agreement "radically changes the way we do business." No kidding. The tobacco industry in the U.S. will have to adjust from being a cash-rich, freewheeling marketer to one of the most regulated businesses in the U.S.; from an industry that can't advertise enough to one that can barely show its face. And to pay for the agreement, tobacco executives are going to install one of the biggest price increases in the history of consumer products: possibly more than...

Author: /time Magazine | Title: HOW TOBACCO FIRMS WILL MANAGE | 6/30/1997 | See Source »

...special-effects frissons, Steven Spielberg's sequel lacks the shock of the new; it has the familiarity of a child's second trip to Disneyland. Its formula heroes (American) and villains (European) aren't a hindrance; after all, this is a monster movie. But what about the dinosaurs? Though they ooze attitude, they have no specific character. Viewers were moved by the lovelorn King Kong, and appreciated the creature's maternal rage in Aliens; but the Lost World beasts are just big, undifferentiated lizards. Memo for the inevitable Jurassic 3: try creating a dinosaur with star quality--with a personality...

Author: /time Magazine | Title: CINEMA: ONE DUMB SUMMER | 6/30/1997 | See Source »

...Boomers aren't in shock. We're not even much surprised. After all, these are our kids. May they continue to defy their detractors' expectations! STEVEN J. SWEENEY Turramurra, Australia...

Author: /time Magazine | Title: Letters: Jun. 30, 1997 | 6/30/1997 | See Source »

...like winning an Oscar, but STEVEN SEAGAL has a new line for his resume. The action star has become a Buddhist and has reportedly given money to the Tibetan cause. Now he has earned a title for his efforts--tulku, recognition that he's a reincarnated lama (that's the priest, not the beast). The honor was awarded by His Holiness Penor Rinpoche, Supreme Head of the Nyingma lineage and the 11th Throneholder of the Palyul monastery. Not all Buddhists are happy about the award. There are accusations that tulku titles are being sold...

Author: /time Magazine | Title: People: Jun. 23, 1997 | 6/23/1997 | See Source »

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