Phil Guarascio, VP-general manager of marketing and advertising, General Motors Corp., was back in the spotlight again, this time as chairman of the Advertising Council. "As you know, General Motors is an aggressive rate negotiator. Now I am the ultimate rate negotiator asking you to run [Ad Council ads] for free," he said.
Business Week Editor in Chief Steve Shepard said he will be back in Federal District Court on Dec. 6 in an ongoing legal skirmish over coverage of the court battle involving Bankers Trust and Procter & Gamble. A court had unsealed disputed legal documents allowing Business Week to publish a story after three weeks of delays, but the court said Business Week had acted "unlawfully" in obtaining the original documents. Mr. Shepard said he would like to see that claim expunged from the records. "The bottom line is your reporters have a lot less protection than you think they do," he said. He urged more states to adopt shield orders protecting journalist rights. In Ohio, where the case is being argued, newspaper reporters are protected by the state's shield laws but magazine journalists are not.