Word: branch
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Dates: during 1960-1969
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...keep a tight rein on federal spending. The result: the two men finally moved the $11.5 billion tax cut out of their committees, and Congress quickly passed it. Though Johnson's techniques of persuasion and manipulation have inevitably changed somewhat in the transition from legislative to executive branch, they have lost none of their potency. After Congress killed a proposed $545 million pay boost for Government employees, he breathed life back into the measure with a few well-placed phone calls and an earnest talk with congressional leaders. He pointed out that Economist Walter Heller had gone...
...losses: $340 million). A trained physicist with a no-nonsense attitude toward inefficiency, Beeching was technical director of Imperial Chemical Industries when the Conservatives called him in 1961 and gave him a free hand to put the rails on a paying basis. His unsentimental and sound plan: close 352 branch lines, 5,000 miles of track and 2,363 stations, and trim the payroll by 70,000 workers over five years...
...Tories let him proceed, and he closed down 121 branch lines-most of them in rural areas, where he aroused angry opposition. But the plan was too drastic for the Laborites, who had never warmed to Beeching. They fussed when he took over, noting that his $67,000 salary was more than twice that of the Prime Minister and of the heads of other nationalized industries...
Rapid Tentacles. Histadrut's possessions include the Workers' Bank, Israel's third largest (135 branch offices and $190 million in deposits); Solel Boneh, a construction firm that has built $100 million worth of projects in eleven African and Asian countries, including Katmandu airport in Nepal and the University of Ife in Western Nigeria; Koor Industries, a complex of 30 factories that turns out everything from cement and glass to steel and light bulbs; the Zim shipping company; and 90% of Israel's domestic bus and truck transport...
...only because the SEC and the New York Stock Exchange insisted on separate executives when the company recently spun off its more profitable overseas operations into a separate Hilton International Co. that accounted for $60.3 million of Hilton's 1963 sales. Hilton will continue to head the international branch. Texas-born Bob Williford, a social friend and bridge crony of Hilton, started in 1932 as a $30-a-month room clerk in the original Dallas Hilton Hotel after the Depression collapsed his bond business. Gradually, he became Hilton's closest associate in building the company into the world...