Word: businessmen
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Dates: during 1970-1979
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...Bella Savitzky Abzug, there are two New Yorks. Her mayoral candidacy evokes responses from cool to hostile among those most influential and sophisticated in city affairs. Businessmen feather, and so do civil service union leaders. The three daily newspapers will support one or another of her six opponents for the Democratic nomination. Most party sachems are lining up behind either Incumbent Abraham Beame or Governor Hugh Carey's choice, New York Secretary of State Mario Cuomo. Yet if the vote were held now, the other New York would choose Bella. TIME Bureau Chief Laurence I. Barrett reports...
...California are different from those a decade ago. Nearly two-thirds of 1,000 think tanks operating eight years ago are moribund. For the first time in 15 years, both the University of California and California State enrollments are slipping. California's housing market is strong, but most businessmen remain skittish because of a 1975 Dunn & Bradstreet Fantus report that ranked the state's business climate 47th among the 48 states surveyed. For the first time in two decades, industrial investors, put off by bureaucratic red tape and environmental lobbyists, are bypassing California to relocate in other Sunbelt...
...general, said Kissinger, in a comment that seemed to apply to U.S. corporate dealings at home as well as abroad, "businessmen's conception of how to influence Government is that when they are in deep trouble they send some lobbyist around to promote some limited specific objective that pays off very rapidly. Labor is far more intelligent. I know of no business that has a long-term research organization and a long-term ability to work with Congress and the Executive Branch when there is no pressure...
Long-Range Strategy. Businessmen attending the seminar were quick to issue rebuttals. PepsiCo Chairman Donald Kendall noted that Kissinger has confessed that economics is not exactly his forte and suggested that commenting on how U.S. corporations conduct themselves abroad is not either. On the point of long-range strategy, Kendall pointed out that he began negotiating with the Soviet government in 1969, about when Kissinger himself did, and is still at it (PepsiCo has developed a lucrative business bottling soft drinks in Russia). Nathaniel Samuels, a director of Kuhn, Loeb & Co., asserted that one reason businessmen do not call...
Arthur Stupay, a Cleveland broker and former multinational executive who was not at the seminar, offers a fuller defense. Says he: "American businessmen in some ways are more sophisticated in managing foreign operations than the State Department. U.S. businessmen live longer in a country and know the customs and culture more intimately than State Department people." If businessmen do not ask the Government for help when they get into trouble abroad, Stupay adds, it is because "they have contacts that they think are better informed...