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...Grade Detective Louis Weiner. Mc-Clellan kept watch. And in a few minutes the three closed in again and seized the glittering prize. "The best collar in recent years," said the commissioner. Beaming, the commissioner dramatically promoted both Shea and McClellan to first-grade detective with a $1,000-a-year raise...

Author: /time Magazine | Title: CRIME: The Actor & the Bulls | 3/3/1952 | See Source »

...when it is, Bahrein will be prepared. Again persuaded by Belgrave, the Sheik has been saving a husky part of his $4,000,000-a-year oil royalties (which are due to be raised). The Sheik keeps one-third for himself, salting away a good chunk in British securities; spends another third on public improvements; deposits the remaining third in the bank, where it buys British government debentures. Today Bahrein has a growing cash reserve of more than $6.500,000 against the inevitable day when the last of the oil is drained away...

Author: /time Magazine | Title: SIX KINGDOMS OF OIL: THE PERSIAN GULF STRIKES IT RICH | 3/3/1952 | See Source »

...dignified mien and dancing eyes. Sulman's memory is phenomenal: he remembers which oil driller's wife is having a baby. He takes all the newspapers, listens regularly to the Arabic radio broadcasts. When the Moscow radio calls Belgrave a "dictator" Sulman chuckles, twits his $9, 600-a-year adviser. From time to time, in his Rolls-Royce with a coat of arms designed by Belgrave, he drops by Belgrave's office, wants to know all that's going...

Author: /time Magazine | Title: SIX KINGDOMS OF OIL: THE PERSIAN GULF STRIKES IT RICH | 3/3/1952 | See Source »

Hardie made a farewell speech to a crowd of British newsmen. Its gist: "They can't sack me-I quit." A reporter asked when he would leave his $20,000-a-year job. "As soon as you gentlemen have gone," said gruff Steven Hardie, reaching...

Author: /time Magazine | Title: Foreign News: Flyaway Bird | 3/3/1952 | See Source »

Willkie agreed to a $60,000-a-year salary at Kingan because, he said, the job presented a "challenge." It did, in more ways than one. He found that his patient's profit margin was critically low (1½%). He decided to develop high-profit specialty products such as precooked ham loaf, meat spreads and sausages. Willkie also advised a streamlined administration, a big research program, improved sanitation controls and a heavy advertising campaign. The old guard objected to many of Willkie's expensive ideas. Says Willkie: "From the very outset, I [was] blocked and interfered with...

Author: /time Magazine | Title: MANAGEMENT: Meat Cutter's Triumph | 3/3/1952 | See Source »

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