Word: busches
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...traditional path into American society. Throughout the country's history, groups of newcomers have tended to cluster in certain jobs and then dominate their chosen fields by long and hard work. "This is a very common, recurrent phenomenon," says Harvard Sociologist Daniel Bell. German arrivals with names like Schlitz, Busch and Miller became beermakers in the mid-19th century, for example, while Italians grew fruits and vegetables and produced wine...
...acquisitions has created golden opportunities for investors who are tipped off to the deals ahead of time. Perhaps the most notorious episode involved Paul Thayer, the former businessman who became Deputy Secretary of Defense under President Reagan. While chairman of LTV and a member of the boards of Anheuser-Busch and Allied, Thayer passed to friends information about acquisitions that those companies were planning to make. Thayer later lied to SEC officials about his actions and last month received a four-year prison sentence for obstructing justice...
...soared (see chart), distilled-spirits consumption fell from 2.88 gal. per adult in 1974 to 2.46 gal. in 1984. Brewers registered their first (though slight) slump since 1957--from 36.9 gal. per person in 1980 to 35.1 gal. in 1984--despite the introduction of low-alcohol brews like Anheuser-Busch's year-old LA. Wine growth, which experienced significant leaps in the 1970s, has slowed. One reason: the industry was late in developing softer lines. The Seagram Co. Ltd., the Montreal-based distillery giant, has become the second- largest American wine producer; it owns both Paul Masson and Taylor wines...
Many firms now penalize or fire those who drink on the job, and a few even ban drinking at company picnics. A provision in the new contract between Anheuser-Busch and the Teamsters and other unions is gradually eliminating beer breaks and free lunchtime brew over a one-year "transition" period. Instead, 9,000 employees will be given free six-packs to take home or may choose additional benefits, like more health insurance. Says Company Spokesman James Morice: "Basically, it was a matter of reflecting contemporary concerns...
...Harris, a Dallas stockbroker, received the same sentence. Both men had pleaded guilty last March to charges that they had obstructed justice by lying to Securities and Exchange Commission officials who were investigating whether Thayer, then the chairman of LTV Corp. and a director of Allied Corp. and Anheuser-Busch Cos., had passed inside information to Harris and others about future mergers and acquisitions...