Word: alterman
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Dates: during 1960-1960
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...case of family-owned or family-controlled companies, keeping the money in the family is often top policy, since there are seldom outside stockholders who might complain. Sam Alterman, vice president of the Atlanta-based Big Apple grocery chain (50 stores), which is largely owned by him and his three brothers, finds nothing wrong with buying from another brother for his chain-when his brother meets price and quality requirements. Still other firms condone profitable outside interests as devices to spare their executives from high-bracket income taxes-one of the chief reasons for sideline interests. San Francisco Management Consultant...