Word: bigs
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Dates: during 1960-1969
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Looking back, Jimmy Breslin spits at the business that made him. Excepting Millionaire Jock Whitney, who gave him a big play in the now departed New York Herald Tribune, Breslin has only scorn for publishers. "I worked for Newhouse, Scripps-Howard and Hearst-the Sing Sing, Leavenworth and Folsom of American journalism," he says. "People who are working for Newhouse shouldn't have the Guild as their bargaining agent. They should have the Mafia. And they should get a Pulitzer prize for malnutrition...
...Italian fans are concerned, their big bambini can do no wrong. Tooling around town with a fellow player in the company's racy white Fiat, Tillman says that "we've been stopped for traffic violations a couple of times. But when the cop sees us, he tells us to win some games and lets us off without a ticket...
...Ollie's Bar in Antwerp, the big attraction is dancing to soul music and ogling the American athletes who gather there after a game. The bar is owned by Oliver Howell, 28, from Indianapolis, the high-scoring forward for the Antwerp Basketball Club. In Belgium, says Howell, where rich backers send scouts to the U.S. to recruit players, the arrival of the Americans has improved not only basketball but, in his case, the bustling bar business as well...
...Big and basic old industries like primary metals and insurance offer some of the lowest salaries in U.S. business. Reasons: they have always done so, and their earnings tend to be modest. Railroads, insurance firms and public utilities are also at the bottom end of the ladder, largely because they are heavily regulated by Government, which limits profits. In addition, companies in the low-paying industries often favor a committee form of decision making that minimizes risk and personal initiative. They tend to promote from within; security and seniority are highly regarded. By contrast, industries that seek executives from...
Similarly, executives of commercial banks earn about one-third to one-half as much as investment bankers, who are essentially in business for themselves. A vice president at a big New York City commercial bank may earn as little as $25,000 a year, though he can hope to become a major bank president at $250,000 or so. Partners at Lehman Brothers and other investment banking houses can earn $500,000 or more a year. Their incomes depend upon how much capital they contribute to the firm and the size of the mergers, underwritings and other deals that they...