Word: businessmen
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Dates: during 1950-1959
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Walter Reuther's support is much less than conclusive-and "Soapy" Williams, with his eye glued to 1960, could do with some votes from U.S. businessmen. In the current Harvard Business Review, Princetonian ('33) Williams asks an unabashed question, gives an unabashed answer. The question: "Can businessmen be Democrats?" The answer: "The door is open and business is welcome." The Democratic Party, he assures his readers, "is not anti-business ... is not a labor party . . . can in no sense be called a class party...
...heir to the soap millions of Mennen Co., Williams finds precedent for his presidential hopes in the political success of another Democrat born to wealth. Writes he: "Many younger businessmen who would like to participate actively in the Democratic Party do not do so because they are afraid to. In some areas the young man in a profession or in business is ostracized if he becomes or remains a Democrat. He is looked on as a traitor to his class. This epithet was applied to Franklin Delano Roosevelt, and I have heard this foolishness applied...
...Businessmen are trying to trim as much fat as possible from their own operations. U.S. Steel is setting up its first incentive program for salesmen; in the good old days steel salesmen spent their time explaining why customers had to wait for steel, they must now get out and sell. With a tighter economy, companies are also replacing marginal workers with more efficient hands. Los Angeles' Broadway-Hale Stores has cut employment 7% so far this year, and expects a 4.6% sales decrease. Yet by improving the work force and reducing overhead. President Edward W. Carter expects to keep...
...termination date written into law. The argument for a temporary cut is that, though reinstatement of any cut might be necessary to fight inflation, no politicos would boost taxes with a presidential election coming up unless it were agreed on in advance. On the other hand, many economists and businessmen favor a tax reduction without any cutoff date, believe that a cut advertised as temporary beforehand might defeat its own purpose. Taxpayers might be reluctant to spend on the basis of a temporary cut, instead save their tax bonus...
While competing harder in Britain, the Reds are also wooing British businessmen with orders as part of their campaign to get the embargo on East-West trade eased. In London last week a Soviet trade mission announced one of its biggest catches to date. With Rustyfa, a combine of British companies, the Russians placed an equipment order of between $28 million and $42 million for one of the biggest tire factories outside the U.S. To be built at Dnepropetrovsk in the Ukraine, the plant will turn out 2,000,000 tires a year...