Word: businessmen
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Dates: during 1950-1959
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...Most businessmen believe that the best and quickest way to cure the glut in many commodities is not a governmental plan but voluntary agreements to trim output and bring supply in line with demand. The copper industry has shown how producers can solve many of their own problems. Copper producers voluntarily cut back production in the face of a big supply and falling prices. The market stabilized itself without any artificial controls, and last week copper prices were moving...
During those years, Nelson Rockefeller: ¶As Inter-American Affairs coordinator (1940-44), drew up a blacklist that steered U.S. businessmen away from 1,800 Latin American Nazi-serving firms, also arranged loans by which Latin Americans could buy out German interests. ¶ While Assistant Secretary of State for Latin American Affairs (1944-45), fought for a clause in the United Nations Charter far more vital than he knew; thinking primarily of Latin American relations, he enlisted the aid of Michigan's late, great Senator Arthur Vandenberg, chairman of the Foreign Relations Committee, in providing for the right...
...into politics," the U.S. Chamber of Commerce told its members a fortnight ago-its first appeal for businessmen to work directly in political organizations. Chamber President William A. McDonnell advised them just how: "We must roll up our sleeves and get to work at the precinct and ward levels where political decisions are made and officeholders chosen." McDonnell's words underlined a significant change in business thinking about politics. In the past, many a businessman and corporation has played a part in making political decisions and choosing officeholders. But the influence has more often been exerted behind the scenes...
...Many businessmen still cling to the timeworn arguments that a company has no business openly endorsing any policy or party, because it may offend customers or the opposing political party. "At one time or another," says United States Steel Corp., "you have to do business with both parties." American Welding & Mfg. Co. President William J. Sampson Jr. says that the truth is simply: "We're all yellow. We businessmen should stand up for what we believe in. But whenever it's controversial, we back away...
...harshest criticism is for other Japanese businessmen who copy foreign goods without paying royalties. Says Matsushita: "Other nations also copy, but they pay; Japan virtually steals. My company buys foreign patents or negotiates technical tie-ups with foreign companies, but the government stares coldly and says: 'Matsushita, you are causing dollars to leave Japan.' Such outmoded ideas will not make Japan progress...