Sometimes those doing the analysis are other investors trying to figure out how executives see their companies' prospects.

But the 33-year-old executive saw a chance to turn the potentially negative circumstances into a positive development.

"They felt much more free to be candid since our executives couldn't see them."

The only consolation seemed to be that executives did not see how things could get worse.

As they reached the entrance hall, the executive could see that there was much more light coming in.

But the chief executive could see that he was beaten.

Many chief executives might see the glare as a price to pay for getting such a mighty job.

Within corporations, too, many black executives see little reason for comfort.

In the meantime the rest of the television business will study what executives have seen so far and try to take away some lessons.

Some executives never saw their secretaries for weeks at a time.