Word: annually
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Dates: during 1960-1969
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FORTUNE'S 500, an annual ranking of the largest U.S. industrial corporations, has long been a kind of Burke's Peerage of business. Less widely known is FORTUNE'S listing of the top 200 foreign industries. The results of the overseas survey, as published in the magazine's current issue, will come as an eye opener to most U.S. businessmen...
...with a sales rise of 35% over the same month last year. But big gains were also made by General Motors (26.8%), American Motors (27%) and Ford (8.9%). All told, it was the fourth record month in a row, and sales are now running at an annual rate of 10 million cars...
...philosophy-described as the art of buying companies with their own money-Glen Alden is paying for Schenley mostly with promissory paper. For each H Schenley shares, worth about $85 in the stock market, Schenley stockholders get $13 in cash; they also get a $100 debenture that pays 6% annual interest until its 1988 maturity. Riklis can thus tap 20 years of Schenley earnings to repay most of the purchase price. Inevitably, some Schenley executives objected to Riklis' terms as a thinly camouflaged raid on Schenley's treasury. Of such people, Riklis snapped: "They are just afraid they...
...within one week a deal by which Lorillard's product line (Kent, True, Newport, Old Gold and Spring cigarettes, Tabby cat food and Reed candies) will join the 14 hotels and 110 theaters controlled by Tisch and a younger brother. The merged company, which will have combined annual sales of more than $700 million, will undoubtedly be making more acquisitions...
...hard to come by. Does the fault lie with strict parents or permissive teachers? Urban tensions or too much affluence? Last week Semanticist S. I. Hayakawa of San Francisco State College suggested that the answer to so much disaffection among the young is television. TV, said Hayakawa, addressing the annual convention of the American Psychological Association in his home town, is a "powerful sorcerer." It can bewitch children into becoming alienated and rebellious dropouts or even drug addicts. "Parents and relatives and teachers may talk to them, but the children find them sometimes censorious, often dull. The child who watches...