Word: branch
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Dates: during 1960-1969
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...formal occasions, now thinks nothing of inviting a clutch of executives from other Common Market nations to drop by for cocktails. West German Electrical Magnate Ernst von Siemens flatly declares that any executive who hopes to rise in his company must first cut the mustard in a Siemens branch abroad. Belgium's Nokin is particularly proud of presiding over the first truly "European" steel company: the big (1.1 million ton capacity) Sidmar mill that the Societe Generale plans to build in conjunction with French, Dutch, Italian and Luxembourg investors...
Locked Doors. One way to achieve this would be to let city banks spread out, through branching and mergers. In California, where banks are free to branch all over the state, the Bank of America has spread an umbrella of more than 700 branches, built its asset base up to $12.7 billion to make itself the largest bank in the nation (though it makes fewer loans to business than the Chase). But in New York, state laws long kept the big metropolitan banks cooped up within the five boroughs of New York City, forcing them to look on helplessly...
...male imperialism. The Second Sex, Hardwick pricks its Utopian pretension that women are stronger and better than men in a commonsensical line: "Any woman who has ever had her wrist twisted by a man recognizes a fact of nature as humbling as a cyclone to a frail tree branch...
Press, became one of the youngest U.S. foreign correspondents in World War I. He infuriated every branch of the armed services by blasting away at their inefficiency, but he quickly began to build his angry reputation. After the war, he became one of the best sportswriters in the business, but at the beginning of the New Deal he made the mistake of turning political columnist...
...Though discount selling can be a gold mine, the digging is not without perils. Latest to fall in a hole is Maxwell Henry Gluck, 62, chairman of the 295-branch Grayson-Robinson Stores, which last week acknowledged $10.5 million in overdue debts and asked for-a time extension under the Bankruptcy Act. Gluck, a onetime U.S. Ambassador to Ceylon-he was the one who in 1957 could not remember the name of Ceylon's Prime Minister during a Senate confirmation hearing-two years ago merged his Darling Stores into Grayson-Robinson and rapidly opened 43 discount branches. Expansion cost...