Word: symbolization
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Much of Wall Street and corporate America saw the board's choice of KKR as a repudiation of Johnson, who had become a symbol of executive greed after first proposing to buy out RJR (1987 sales: $15.8 billion) for $75 a share. Company directors were outraged when they read accounts, leaked by insiders, of how much Johnson and his seven colleagues planned to rake in from the deal: as much as $2.6 billion. Though Johnson later insisted he had planned to share the potential gains with 15,000 RJR employees, the battle lines were clearly drawn -- not just between Johnson...
...regret the fame that the letter has brought to him after death. He says, "I see that that is what I want this afternoon magnetized by the mail, detoured around class, food, new people, that he be a mere inhabitant of earth." In death, his father has become a symbol that transcends his son's memories...
...myth grew up around the Cowboys that dubbed them America's Team, a symbol for all that was good and heroic about the nation...
...said last week it has struck a breakthrough deal to supply personal computers to Japan's Matsushita Electric. The giant company will sell the computers, priced from $999 to $5,299, in the U.S. under its Panasonic label. Tandy chairman John Roach touted the event last week as a symbol of resurgent U.S. competitiveness. Said he: "It's a sign of the times that an American manufacturer is in this position...
...conventional wisdom that Jackson had been undermining all through the primaries. Before the 1988 campaign, Jackson was regularly discussed as a threat to the Democratic Party, one who would damage the nominee as he is supposed to have damaged Walter Mondale in 1984. Jackson is the most vivid symbol of those "special interests" (blacks, women, gays, teachers, unions) that were supposed to have trammeled the Democratic Party, making it their captive. (As Studs Terkel points out, the really powerful lobbies, for gun owners and doctors and corporations, are not called special interests -- they are just average citizens, the privileged again...