Word: businessmen
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Dates: during 1970-1979
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...Americans like to rail against OPEC and its supposedly sinister oil-pricing policies [April 2], but isn't it just practicing orthodox capitalism as taught in every American business school and as honed to perfection by American businessmen? We have made our own uncomfortable bed, and now we must...
Somoza's critics now include a majority of the nation's businessmen; they claim that none of this would have happened if the Carter Administration had more forcefully pressed the dictator to step down. They point out that U.S. Marines were instrumental in installing the Somoza family in power 46 years ago. In light of that, they charge, Washington should have gone well beyond the cutoff of economic and military assistance that the Carter Administration ordered after Somoza last January rejected an American proposal for a plebiscite to determine his government's future. "Such sanctions have...
Government efforts to keep a lid on prices are also failing. Many businessmen feel that some form of mandatory wage-price controls is inevitable, despite repeated protestations by the President, his chief inflation fighter Alfred Kahn and other Administration officials that no such move is contemplated. Thus corporations are pushing up prices earlier and higher than they ordinarily would as a hedge against being caught by controls "with their prices down." As a result, says COWPS Director Barry Bosworth, the Administration is tightening up on its price standards, which are becoming less and less voluntary...
Tomorrow's major challenge for U.S. corporations, says Diebold, will be to meet employee desires for a greater voice in decision making. In Europe some unionists sit on boards, and Diebold observes: "A lot of American businessmen are saying, 'Thank God, it's not going to happen here.' " Indeed American work ers do not want to be directors, but, Diebold argues, "their desires to have some participation are just as real here as in Europe. We could get genuine increases in productivity by involving employees in decision making much closer to their levels of work...
...package considerably more attractive than his $150,000 salary with New England: $45,000 in base pay, frequent TV appearances and football clinics worth an estimated $100,000 annually, a $250,000 paid-up life-insurance policy and a chance to play golf and give "motivational talks" to businessmen at $3,000 a shot. Fairbanks said fine, but then the Patriots spoiled the going-away party by asking the courts to hold him to his contract...