Word: cash
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Dates: during 1960-1969
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Named in the indictments were: Edward R. Fields, 30, information director and leader of the National States Rights party; Gerald Q. Dutton, 25; Jesse B. Stoner, party attorney; James K. Warner; David A. Stanley; Barney M. Carmack, Jr.; Jack Cash and Ralph Lewandowski...
...said one, "I'm Brown, from the Sun." Replied his colleague: "I'm Trotter, from the Globe." By last week newspapers all over the U.S. were busy adding new "pressies" to an already interminable list. Samples: "I'm Rich, from the Advertiser." "Sign, of the Times." "Cash, from the Register." "Jefferson, of the Constitution." "Flat, from the Press." "Weary, of the World." "Feather, from the Eagle." "Twinkle, from the Star." "Left, at the Post." "Glass, of the Mirror." "Kane, of the Citizen...
...Different." The brothers follow the business maxims of their late father, who left his sons 35 stores. "Stay liquid, sell for cash, and don't buy real estate," he advised. Instead of owning its stores and warehouses, Winn-Dixie rents them. Drawls A. D. Davis: "Everything we have our money in is turning out dollars for us every 18 or 20 days"-which is the time it takes for Winn-Dixie's inventory to turn over (about 25% faster than the average for supermarkets). With $66 million in working capital on hand, the brothers avoid seasonal borrowing...
...bonuses for faster work. And it keeps stockholders satisfied with monthly dividend checks (minimum check: 9? on a single share). The unique monthly payment system adds $42,000 a year to costs, but Winn-Dixie believes that it helps sales and employee relations. Says J.E.: "Our customers quite often cash their checks in our stores, and when an employee gets a dividend check at the end of each month, man, he's happy." So are the Davises, who predict that sales in the coming year will rise at least...
Although a public market for shares can also potentially help an agency to raise expansion cash and recruit fresh talent by offering stock options, some of Foote, Cone's competitors were skeptical about letting the investors in. A Young & Rubicam executive thought that the public disclosure of low agency profits would soon disillusion investors. Others felt that an agency's shares would plummet whenever it lost a rich account. But many on Madison Avenue were reconsidering. Said President Rudolph Montgelas of the Ted Bates agency, the nation's fifth largest: "If Foote, Cone is a great success...