Word: auto
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Dates: during 1950-1959
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Fall Memories. McDonald clearly needed a dramatic victory-something better than the gains won by the Auto Workers' Walter Reuther last fall-to prevent revival of the rebel faction that tried to bounce him in 1957. Last week more mutinous mutterings rose from McDonald's ranks. Pollster Samuel Lubell found that many a steelworker genuinely fears a steel strike, is lukewarm to demands for greater wages, fearing that they might cost him his job (TIME, May 4). To refute Lubell, McDonald arranged for seven of his wage-policy committeemen to stand up in public meeting and demand hefty...
INSURANCE EXPERIMENT by 200 California companies will reward safe drivers by cutting auto premium rates 20%. Reductions will apply to drivers without fault in accidents or who have no moving traffic violations (speeding, passing red lights, etc.) for three years; drivers with one accident or violation will pay current rates; those with two will pay 25% more than current rates; those with five or more will pay double normal rates...
Stock Control. Hoping to avoid a proxy fight, Evans and Landa persuaded Gurdon Wattles, chairman of Electric Auto-Lite Co. and a Crane director, to back them with 322,900 shares of Crane stock owned by Auto-Lite. They also went to Mrs. Emily Crane Chadbourne, 89, only living daughter of Crane's founder, explained that Evans' chief argument with Crane President Neele E. Stearns was over Stearns's slowness in expanding the firm's inadequate network of independent wholesalers. Proof of Evans' complaint was Crane's first-quarter earnings (23? per share...
Likening non-residency to the inexpensive foreign cars, Leighton points out that, during the 1957 "auto recession," sales of such models tripled. "The College has been advertising only its most expensive model," he points out, and this spring for the first time, application forms for upperclass rooms carried this listing: "Cooperatives--$110" per term. In addition, all members of Dudley were asked to fill out a special section...
...Prime Minister of the Saar, a leader in Chancellor Adenauer's Christian Democratic Union Party, who became the Saarland's Prime Minister in June 1957, five months after the French relinquished the control they had exercised over the region since the end of World War II; of auto-crash injuries; in Saarbrücken, West Germany...