Word: turnaround
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Dates: during 1980-1989
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Louis-Dreyfus has no background in advertising but has earned a hot reputation as a financial whiz. His chief accomplishment is the brisk turnaround of IMS. The company, capitalized at $232 million when Louis-Dreyfus took over in 1982, was sold to Dun & Bradstreet last year for $1.7 billion...
Replacing Herscu as L.J. Hooker's chief was Sanford Sigoloff, a turnaround king who says he was not surprised to see B. Altman die. "With so many choice properties on the market, like Bloomingdale's and Saks Fifth Avenue, who would want Altman's? I hate to say the store was old, but it was outmoded." KMO Realty Partners, which now owns Altman's real estate, controls the rights to the store's name. KMO will probably try to make some use of it, perhaps selling it to an apparel maker or retailer, but the B. Altman name will probably...
...turnaround came Sunday in Ithaca, when junior Pete Ciavaglia jumped on a loose puck and took a clean break into the Big Red end where all goalie Corrie D'Alessio could do was wait and sweat. Ciavaglia shoved it by him for a 4-0 Harvard advantage. Senior Tod Hartje, who replaced injured forward John Weisbrod on the penalty-killing unit, set up the play by blocking a Cornell slapshot...
When Chrysler announced early this month that it will close the aging Detroit plant where workers assemble the last of the Dodge Omni and Plymouth Horizon models, the situation had ominous parallels to the calamitous early 1980s. Only six years after its fabled turnaround, here was Chrysler embattled again, posting losses on its North American operations for the first time since 1982. Amid persistent auto-industry speculation that Chrysler might be forced to merge with a foreign partner, here was Chairman Lee Iacocca declaring that for the company to survive, it must cut at least $1 billion...
...with three seconds left in the game, it happened. A turnaround jumper. Stake in the heart. It was him. I knew...