Word: beers
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Dates: during 1970-1979
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...biggest block-a bit more than 20% of the company, worth roughly $346 million-is under the control of Chairman and President Robert A. Uihlein Jr., 56, grandson of the nephew of Founder August Krug. Uihlein took over the company in 1961, when its rank in the beer business was slipping. He has revived it by bringing out new brands, building giant, highly efficient breweries that may cut production costs by 45%, and introducing a new fermentation process that speeds up the brewing cycle. Profits rose 31% in the first nine months last year, on an 18% gain in sales...
...also castigated his biggest constituency, Chile's workers, chiding the miners for "acting like a bunch of monopolistic bankers" in their wage demands, and criticized bureaucrats for failing to improve government efficiency. To curb the groggy effects of alcohol on the workers, Allende last week threatened to ration beer. No teetotaler himself, Allende said: "The housewives of Chile will erect a monument in my honor...
...Rivals Beer and Wald...
...that by 1972, The Quiet Campus had arrived, and newspapers were noting that students were studying more, and applying to medical schools and law schools, and drinking more beer, and wearing corduroys and skirts instead of blue jeans. Mr. Nixon mined the harbors of Haiphong and stepped up the bombing of the North, and students took a break from studying to attempt a strike that was doomed from the outset. Some of us, recalling the apocalyptic days of 1970, thought perhaps World War III was coming. Richard Nixon knew better, though, or so he told the Associated Press. Perhaps...
Back in the U.S., Hammer went on to make more millions manufacturing beer barrels, distilling whisky and raising cattle. In 1956 he retired to California but got restless; the next year he bought control of Occidental, then a company with sales of only $274,000. Through a combination of luck, brass and shrewd management, he had built the company by 1970 into a behemoth earning $175 million on sales of more than $2 billion. Major factors in the rise: oil strikes in California and above all in Libya (one on land that Mobil Oil had abandoned because it produced nothing...