Word: americans
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...other hand, Clark has been willing to suffer through initial disappointment with a business that gives signs of eventually becoming a major profit maker. He nursed the American Express credit-card operation through years of losses while Amexco was spending heavily to promote it. The company now has 3,000,000 cardholders, who charge purchases of $1.3 billion a year, and is by far the biggest factor in the field, though it is being increasingly challenged by the many cards issued by banks...
Amexco's growth enabled it to survive a blow that might have shattered another company. In 1963, an obscure subsidiary, American Express Warehousing, was duped into issuing warehouse receipts for the nonexistent salad oil of Speculator Anthony De Angelis. American Express in 1967 agreed to pay $60 million to settle creditors' claims, half immediately, the rest in annual installments of $5,000,000 each year through 1973. The payments do not reduce Amexco's current reported profits because they are charged against earnings retained from prior years, and the company's growth has given it enough...
...Amexco. Each one studies a particular new business opportunity or competitive threat and develops a program to deal with it. By the time they are through, says Clark, "they know the company inside out," and are usually enthused about it and ready for major operating responsibility. Meanwhile they save American Express a consultant...
...that such a policy as the Truman Doctrine was the equivalent of bombarding Fort Sumter. Acheson is aware of the argument, and like the careful lawyer he is, presents a formidable brief for the defense. Soviet troops had occupied the northern provinces of Iran; to force them out strong American pressure was needed. The Truman Doctrine, which combined military and economic aid, was developed only to counter Soviet designs upon the faltering regimes of Greece and Turkey. To restore a Europe close to economic disintegration, the Marshall Plan was the only possible remedy...
...another incident, as the protestors were leaving the main building through the rotunda, a photographer from the Boston Record American threw a punch at a protestor after several students threw coats over his camera...