Word: buying
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Dates: during 1960-1969
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...buy a ticket!" An executive who was stuck in his 32nd-floor office with two attractive secretaries tried to sleep there?but his wife phoned every 15 minutes throughout the night. Thousands curled up in church pews?and at St. Patrick's Cathedral discovered to their dismay that there are no rest rooms. "We've been sending people over to the New Weston Hotel for 80 years," said Msgr. Thomas McGovern...
Magnanimous in victory, McNamara insisted that the beaten executives had performed "a patriotic act of industrial statesmanship." Now that he had so successfully used the stick, he also skillfully brandished a carrot. Said he: "As Secretary of Defense, I am the biggest buyer of aluminum. The department will buy between 300,000 and 400,000 tons of aluminum in 1966 [double its 1965 consumption] which I believe is 10 or 15% of the industry's production." Why buy aluminum when the Government has so much in its stock pile? The explanation was that stockpile aluminum is not completely processed...
...Fees. Their position as powerful insiders gives the bankers rare sensitivity about which companies are in a buying or selling mood. Each of the major investment bankers commonly has partners on 50 or more corporate boards, also raises capital and sells financial advice to perhaps 100 important companies and has contacts with hundreds of other firms. These bankers know that such companies as Litton Industries, Textron, I. T. & T. and Genesco are so eager to expand that they have set up staffs of their own to search out possible merger mates. They also know that the cigarette manufacturers want...
Hungary has been unable to take full advantage of the $125 million trade treaty it signed with West Germany in 1963 because many of the goods it would like to sell-bicycles, sewing machines, textiles-proved so inferior that the Germans would not buy them. Hungary has a glut of poor-quality textiles, including cheap shirts labeled in English "The Very Honorable, Foreign Made," also produces cheap shoes called Baby Doll to compete with those from Czechoslovakia's Communist-owned Bata shoe factory. Unable to sell either item to the West, Hungarian companies were forced to unload them...
...Incentive. Quality reform in East Germany, Czechoslovakia and Poland has begun to improve many goods. Managers have been ordered to produce goods that the domestic market needs and foreigners will buy. Some Czech factories had their state subsidies slashed and were told to fend for themselves in the market-either to make a profit or face bankruptcy. The Eastern bloc is aware that it will have to continue improving quality if it hopes to increase its trade with the West but finds it difficult to give incentive and motivation to workers in socialized industries. No one is better aware...