Word: businessman
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Dates: during 1940-1949
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...Clamper. But the troubles of "Dear Charley" were not so much with Author Twain as with Inventor Twain and Businessman Twain-who never had made a nickel except by writing and publishing. From the publishing house Twain was reaping $100,000 a year-and pouring most of it into his inventions. There was Kaolatype (a chalk process for engraving). It had been going nowhere for years. There was the Twain bed clamp, designed to keep babies from getting wound up in the covers. It was Editor Webster, then an infant, who proved it unpractical. Nothing ever came...
Furthermore, many a thoughtful businessman has long believed that top managers should have a greater tangible stake in their companies, i.e., a sizeable stock interest. The new stock option plans are regarded by many as a step in that direction. As a clincher, Wall Streeters point out also that before any recipient of a stock option can benefit, all the other stockholders must benefit also. Said one, summing up the whole question: "If you believe in the incentive system what other incentive can you give them but money...
Should U.S. firms be permitted to join international cartels in order to expand foreign trade? The Justice Department's Antitrust Division has invariably answered this prime postwar question with a definite "no." Last week a top U.S. businessman answered with a qualified "yes." Up before a Senate subcommittee stepped grey, urbane Ralph W. Gallagher, 63, president of Standard Oil of New Jersey. He had asked to be heard on the bill sponsored by Wyoming's Senator Joseph O'Mahoney, requiring registration of international cartel agreements. Said President Gallagher: Standard Oil agrees "in principle" with the bill. Standard...
Although legally the two laws are not in conflict, their practical effects are, since, in effect, a U.S. businessman may do abroad what he may not do at home...
...avert a postwar depression, ex-Businessman Bowles proposed that wartime controls be replaced by a "broad and far-reaching" program to: 1) put a floor under wages and prices-in effect, a combined OPA and WLB in reverse; 2) remove any ceiling on public works. For the long pull he joined Alvin Hansen, Beardsley Ruml et al in proposing that Government shall keep the U.S. economy in balance by lowering taxes and increasing expenditures in slumps, upping taxes and reducing expenditures in booms. He declared flatly that government must always play the "central role" in the economy...