Word: administrationitis
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Dates: during 1970-1979
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On his long-range goal for Ireland: We want to see all our people united, to see Ireland governed by the Irish people. But we want to make sure that the evolution will be by peaceful means and by agreement. Unitary government, one government for the whole country, would obviously...
But Chairman Lee lacocca had some good news for his 16 fellow Chrysler directors. Before they gathered for their regular monthly meeting, he had received a call from Treasury Secretary G. William Miller, who told him that the suffering No. 3 automaker was going to get the Government aid that...
The Carter pledge came after months of pleading from Chrysler executives that without a quick infusion of cash the company faced not just more losses and heavier layoffs but perhaps even a bankruptcy followed by a shutdown that would further weaken the nation's economy. That, plus the fear...
The bailout plan comes with strict conditions attached, and it must also be approved by Congress, which will probably go along but may attach further limitations. Even so, the news cheered Chrysler's management, which is counting on a line of fuel-efficient, front-wheel-drive cars due to...
Miller's announcement last week was deliberately timed to follow Chrysler's latest loss report, the better to make the Administration's motives seem purely economic. The Secretary explained that the higher aid package was necessary in part because the company now needed "greater resources than were...