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...almost half of Pennsy's earnings gain- to buy back some of its own stock. > Trans World Airlines began 1966 with its first dividend in 30 years and high hopes for soaring profits- only to be grounded along with four other airlines during the 43-day machinists' strike. TWA wound up the year with earnings down 40%, to $30 million, but it still plans to keep up its $1-a-year dividends. It has good reason: barring any more interruptions, airline traffic should rise 17% this year. > Texas Instruments, whose profits have grown at an average rate...
...being felt not only around the capital, but out in the regions as well. Jim Bond, a multimillionaire Dallas businessman who, atypically, is HEW's regional director for a five-state Southwest area (and who annually donates more to charity than he makes at his $22,500-a-year job), concedes that in the past, "I haven't always been as enthusiastic as I should have. But John Gardner is something else. He believes in working your way out of a bad situation, not just spending your way out. And he wants to run these programs from...
March on Washington? Nonetheless, Powell's defense was not helped by the failure of his estranged Puerto Rican wife Yvette, who is on Powell's payroll as a $20,578-a-year assistant, to show up for a scheduled appearance before the investigating subcommittee. The panel wanted to ask Mrs. Powell, who lives in San Juan, whether she has been violating the law requiring congressional assistants to work either in Washington or in their Congressman's home district. As a result of her failure to appear, Subcommittee Chairman Wayne Hays of Ohio said that he would recommend...
While the probers fumed, Powell continued enjoying the surroundings on Bimini, which he calls "Adam's Eden." There he has been lolling for a month with his $19,200-a-year "administrative assistant," Corrine Huff, who was Miss Ohio in the 1960 Miss U.S.A. contest. When he tires of his one-bedroom villa, Powell rests up by fishing for barracuda and wahoo from his 31-ft. yacht, Adam's Fancy, playing dominoes with the natives, sipping Cutty Sark-and-milk, and philosophizing in typical Powell-ese. "Let's be sweet and walk together," he said last week...
Powell could, however, by a simple majority vote, be seated only provisionally pending an investigation of his conduct. He seems undisturbed by even that prospect. Under such a sanction, he would continue drawing his $30,000-a-year salary and could, if he managed to escape jail, continue to live in Adam's Eden pretty much as he does...