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meetings of outside directors only to discuss this.

You mean, a luncheon meeting, or something to--

Yes.

And what were some of the objections? Who objected?

Oh, a lot of people. I can't remember specifically who. Give me the list. [pause] I think Bear did; I think Don Perkins did.

Bear is from where?

Chicago. Perkins is too.

OKay. But you convinced them. Is that correct?

Yes.

How did you choose Davidson, and why did you choose Davidson and Munro?

Well, God, I'd tested them and tested them. And they'd performed. Davidson had been publisher of Time and had done a very good job there. Dick Monroe had been at Sports Illustrated, publisher of Sports Illustrated, and then I gave him what I call “all