Word: accountability
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Dates: during 1960-1969
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...exchange for Wilson's agreement to drop the proposed penalties, Feather gave his "solemn pledge" that the unions would do something themselves about the stoppages. Such strikes account for 95% of all work stoppages in Britain, and last year cost the country 4,500,000 man-days. Whether Feather will be able to redeem his pledge is uncertain. In August, 1,300 blast-furnacemen at a steel plant in Port Talbot, Wales, ignored his efforts to end a three-week walkout that hammered steel output to a 17-month...
...willing to live like a native can you do pretty well." The trouble, according to some overseas executives, is that living like a native often means squeezing a family into a cramped apartment and doing without some amenities that Americans take for granted. "The glamorous expense account is just a cross that leads to swollen livers, nerves and family breakups," says a Pan American World Airways manager in Rome...
...Members account for about 82 per cent of the Coop's sales. Thus 82 per cent of the Coop's profit goes back to the membership at the end of the year. The other 18 per cent gets cut in half by taxes, and the remainder is all the Coop has left for reinvestment and growth. Although the Coop appears to have a lot of money, it really doesn't. There are not large sums hidden away in the vaults of the Harvard Trust. In fact, whenever the Coop has needed to expand in recent years...
...margin up or the expenses down. If we get the margin up people will cut our throats because prices are higher. If we get expenses down, we have to cut services. For instance, we could have a lot of money if we cut back or eliminated our charge account business or our Saturday check-cashing department, but we consider these important services for our members and ones they would not want to see eliminated...
...direct result of the suggestions in October, the Coop very quietly in December deposited $15,000 into a savings account at the Unity Bank and Trust Company in Roxbury. Many other businesses in Boston have also shown their support by making similar deposits, yet the Coop's is larger than those of many companies with much more available capital. "We didn't publicize it," Brown says, "because we didn't want to appear as if we were patting ourselves on the back...