Word: cadillacs
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...young men talk longingly of retirement. That is why the union's demand that workers be allowed to retire after 30 years, regardless of age, on minimum pensions of $500 a month, has become a key issue in the G.M. strike. Says Pete Tipton, 34, a welder for Cadillac: "All I have to look forward to is '30 and out!' I only have a ninth-grade education, so I can't do anything else, but my children are going to stay in school so that they will not have to be subjected to this kind...
...River, N.Y., in upper Westchester County, where he lives with his second wife Janet, their two children and her three children by a previous marriage. (He also has a town house on Manhattan's Upper East Side.) He begins a typical workday by reaching the office, via his chauffeured Cadillac, by 8 a.m. Often he works until midnight. He spends so much time in offices, cars and planes, and so little time outdoors, that he almost never wears an over coat, even in midwinter. In the office he is almost always on the phone, speaking with financial executives, economists...
WHEN he moved across town to the White House a month ago, he gave up a Cabinet post as Secretary of Labor and a much-publicized Cadillac limousine. In exchange, as head of the new Office of Management and Budget, George Shultz acquired huge powers. He was to assume authority not only over the crucial area of budget making, but was also to supervise the monitoring of some 1,000 federal programs. But there is often an immense difference between an official's paper powers and his real influence. Shultz is bland and quiet. Would he be able...
Frank C. Erwin Jr. is the biggest booster the University of Texas has. His Cadillac is orange and white-the school colors-and he dotes on the national-champion Longhorn football team. He is a tireless money raiser and wants nothing less than to make the U.T. system the best in the country. He has no patience with anyone or anything he considers damaging to his beloved alma mater-and since Erwin is chairman of the university's board of regents, his antagonists are automatically on red alert...
...demands for more black control of local businesses; it cut sales of the area's only existing McDonald's stand by 90%. The owner agreed to sell for about $200,000, and Johnson got his SBA loan, on terms he sardonically summarizes: "Thou shall not buy a Cadillac. Thou shalt not take a trip to Bermuda...