Word: buying
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Dates: during 1960-1969
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Anything for Anyone. Thanks to the cold war, corporate rivalries and Big Crime-not to mention old-fashioned marital jealousy-curiosity has built a fat-cat industry. The Federal Government alone is believed to buy about $20 million worth of bugging gear a year. Moreover, this total does not include all purchases by the bug-infested CIA, which likes to shop through dummy agencies. No manufacturer admits selling to hoods or pleasure snoopers, but most of them believe that their competitors do. Says Fred East, Los Angeles County district attorney's investigator: "Anyone can buy any kind of bugging...
Security Kit. The private ear can buy a "security kit" for about $300. Mosler Research Products Inc. of Danbury, Conn., which claims half the industry's legitimate sales, packs its sets into handsome, standard-size briefcases. Typical contents...
...black veils stood in mourning outside the church. But then Paul Anka and Elvis Presley stole his action. Tony's great fame sputtered and dimmed, and he drifted away - a "teen-feel" victim. Tony refused to yield to rock 'n' roll, and the kids who buy the records forgot all about...
...handsomest fringe benefit in U.S. business is the stock option, a corporate incentive that enables a good many executives to make fortunes beyond their salaries. Like a warrant or a "call," the option is a device that enables a man to buy stock at a fixed price long after the shares have risen above that price. Last week's tax bill removes some of the glamour from the stock option, but will not easily stop the growth of an incentive that is now used by two-thirds of the nation's public companies...
Under the new tax rules, an executive who gets an option will have to buy the shares allotted to him sooner and sell them later than in the past. He must now pick up his optioned shares within five years instead of ten and then hold the stock for three years instead of six months in order to have his profits taxed as capital gains at a rate no higher than 25%. Beyond that, he will have to pay 100% of the price that the stock sold for on the day that the option was granted (some companies have awarded...