Word: branches
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Dates: during 1970-1979
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...approach toward the Soviet Union with a "more differentiated" one toward Eastern Europe. As he told TIME: "We wanted to show that the road to Eastern Europe did not necessarily lead through Moscow." A year ago, Brzezinski prepared a classified Presidential Directive setting forth three guidelines for the Executive Branch: 1) the U.S. should cultivate a closer relationship with Eastern Europe for its own sake rather than as a byproduct of detente with the Soviet Union; 2) the criteria for deciding which countries to concentrate on should include how much they have relaxed their internal rules as well...
...past mistakes. The company's fleet of planes has been reduced from six to three, and the executive dining room has been closed. More important than these symbolic moves, this year's capital budget, originally set for $2.5 billion, is being cut drastically. At headquarters in Pittsburgh, and in branch offices from Houston to Tokyo, cutbacks in staff are reaching into the hundreds. Public affairs has been pruned severely; its chief, Senior Vice President Jayne Baker Spain, a former vice chairman of the U.S. Civil Service Commission, is the highest Gulf officer to go so far; at least two more...
After working his way up to a senior vice presidency at an Interpublic advertising branch in Atlanta, Charles Sherry was told that the office was being closed down. But he was not to worry; a job was waiting for him in Manhattan. No thanks, said Sherry...
...operations of Bill Dillon and Co., an undergraduate-run investment firm, pending an investigation of charges of fraud and other business irregularities. The state order included charges that William P. Dillon '79, president of the company, represented the firm as an independent business when it was in fact a branch office of a larger securities firm. Dillon denied several of the state charges, but admitted that some errors might have been made "inadvertently." "The business was growing too fast. The people working with me were taking more initiative than they should have," he said...
According to the plan, which still has to be approved by Volvo's unions and the Norwegian parliament, the present firm will be dissolved and replaced by a holding company, called Volvo (Svenskt-Norskt) and composed of two divisions. The Swedish branch will have 60% of the shares and appoint six directors to the ten-seat board; the Norwegian wing will own 40% and name four board members. Owners of Volvo stock will be given shares in the Swedish operation; half of the shares of the new Norwegian branch will be sold to the public, with the rest going...