A Letter From the Publisher: Dec. 23, 1985

On the first Monday in 1985, TIME Business Editor George M. Taber met with Associate Editor John Greenwald to discuss a proposed cover story on T. Boone Pickens. The Texas oilman had engineered many of the mergers and takeovers that were reshaping American business. For the purposes of the cover, TIME's Business section decided on a merger of its own, teaming Greenwald with Frederick Ungeheuer, the magazine's senior correspondent for business and financial affairs. Their cover story appeared two months later, but it turned out that their work had just begun.

Each week seemed to bring news of still more blockbuster...

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