Session: 1234567891011121314151617         Page 478479480481482483484485486487488489490491492493494495496497498499500501502503504505506507508509510511512513514515516517 of 824

their financial problems while you were there?

No. You know, the Trustees were, I would say, two-thirds of them ladies with no business experience at all, or, for that matter, academic experience at all. And there weren't good fund-raisers. And we kept shifting professional fund-raisers. I just heard the other day that the latest one left, after six months. That must be the thirtieth since I was there, at the beginning. Anyway, I did two terms of seven years at that place. And I can't say I achieved anything. But nor did anybody else [laughter].

So you decided not to do a third term?

Oh, God, yes! [laughter].

Okay. We're going to go back now to your work at Time, Inc. And what I would like to do now is for us to talk about the magazines. And I'd like you to focus on the period that you were--from chairman of the Board on, 1960-1980, and basically touch on any of the key events vis-a-vis the magazines that you became involved with, as well as talking about the magazines generally. And I thought we would start out with Time, the magazine, but if you want to make some general comments first about the magazine go ahead. The magazines.

Well, I was thinking about the question earlier, and thinking of the sort of strange tensions that existed, particularly in the days when Harry Luce was still editor-in-chief. Because you