Word: boardrooms
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...Prejudices. Despite the spread of "liberation" movements and antidiscrimination laws, women's jobs are far from the boardroom variety. Five of the ten occupations employing the largest number of women-teaching, nursing, making clothes, cooking and cleaning-are simply functions that have been transferred from the home to some institution. Whatever the job, a woman's wage seldom matches a man's. In 1957, fully employed women earned a median wage of $3,008 a year and men, $4,713. By 1968, men's income had risen 65%, to about $7,800, while women...
These two are the basis of a diamond-hard reputation. Yet, the lady would rather be compared to an emerald. An emerald as big as a boardroom conference table adorns her right hand. On her left is a tear-shaped stone that could have originated only in the eye of a crocodile. She will be 80 on May 15, and the jewels she wears to parties in her honor are the recently won trophies of a long campaign. The stories, many of them set in her native Texas, brought honors, fellowships, sabbaticals in Hollywood and the rest of the grants...
...last summer's declining stock market, the shares of companies that own casinos in Las Vegas rose as high as gamblers' hopes. They have faded just as fast. A combination of boardroom battles, rumors of underworld links and Government investigations, reports TIME Correspondent Roger Beardwood from Las Vegas, have tarnished the investment luster of the gambling industry. The downward slide of casino companies' stocks has left many investors feeling as though they had fed the family fortune into a one-armed bandit...
Cecil King, the autocratic chairman of Britain's International Publishing Corp., once waspishly characterized his protege, Editor Hugh Cudlipp, as "a very good first violin, but never really cast to be a conductor." Nevertheless, when King was deposed in a surprise boardroom revolt in 1968, I.P.C. directors picked Cudlipp as his successor. Ailing I.P.C. continued to flounder, so Cudlipp decided that he ought to turn in his baton and, as he put it, "get out my Stradivarius." Last week the Reed Group, a major British paper manufacturer, received government approval to take over I.P.C. for $304 million in stock...
...spending on new plant and equipment, which is the major thrust behind the 1969 inflation. Early in the year companies planned to spend some $73 billion on new facilities, or 14% more than last year. But tight money and prospects of less exuberant demand have begun to change boardroom thinking. The Business Council expects that spending will increase only 11% this year and probably much less in 1970. Robert Tyson, U.S. Steel's Finance Committee chairman, concedes that the scarcity of credit may force cutbacks in 1970. "If you don't have the money...