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INCREASED DIVIDENDS aregoing to shareholders in many companies. Chrysler announced 50? per share extra dividend, Union Pacific 40? per share, Santa Fe 25? per share. American Motors raised its quarterly dividend from 25? to 30? per share; Armour raised its from 30? to 35? per share...

Author: /time Magazine | Title: Time Clock, Dec. 12, 1960 | 12/12/1960 | See Source »

...colleges but the whole Western world has for some time seemed adrift with little sense of purposeful direction, lacking deeply held conviction, wandering along with no more stirring thought in the minds of most men than desire for di version, personal comfort and safety.¶I Poet Richard Armour at Whitman College: "Can you visualize with me brain service stations called Brainatoriums or Braindromats, where attendants (appropriately clad in white jackets) will wipe off your glass cortex and polish the chrome of your cerebellum while pumping in five ounces of grey matter? 'Fill 'er up,' you will...

Author: /time Magazine | Title: Education: Forth--Without Cheer | 6/27/1960 | See Source »

...Chicago, Armour & Co. announced the selection of President Clark Kerr of the University of California to head up a company-union automation committee. Under a new contract, Armour contributes 1? per cwt. of meat processed to a special automation fund. With the money the committee will study and recommend ways to retrain and relocate workers laid off as a result of the introduction of new machines. Says Kerr: "I think there will be many more committees such as this one. We will see a new pattern of collective bargaining...

Author: /time Magazine | Title: PAINLESS AUTOMATION: PAINLESS AUTOMATION | 1/4/1960 | See Source »

Other unions did not wait for steel to set a wage pattern, pushed in for the best deals they could make.¶ One hour before the expiration of a three-year contract, the United Packinghouse Workers and the Amalgamated Meatcutters got Armour's signature to a two-year contract raising wages 8½?an hour the first year, another 6½?the second. Fringe benefits brought the package to 22? over the life of the contract, ranged from three-week vacations after twelve years (v. 15) to establishment of a $500,000 fund through company contributions to help retrain...

Author: /time Magazine | Title: STEEL: Critical Stage | 9/14/1959 | See Source »

...passage of the nation's pure food laws. Sinclair was so revolted by the packing industry that he wound up the book with a prophecy that some day Chicago's great packing industry would wither away. Last week economics was doing what reformers had failed to accomplish. Armour & Co. announced that it will end its packing operations at Chicago this summer; a month ago Swift decided to do the same thing. The other Big Three packer, Wilson, shut down in 1955. With the major packers gone, Chicago will become just another regional livestock market, with small packers slaughtering...

Author: /time Magazine | Title: Business: The World's Ex-Hog Butcher | 6/22/1959 | See Source »

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