Word: chairman
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Dates: during 1970-1979
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Beamed Chrysler Chairman John Riccardo "We are extremely encouraged. This fits the bill...
...effort can ease the Chrysler crisis. The long troubled company lost $204.6 million last year but topped that in this year's second quarter alone, when it ran $207.1 million in the red. Faced with the possibility of a shattering loss of more than $500 million for 1979, Chairman Riccardo held out the hand for $1 billion in federal...
...roots of this crisis are old and deep. In the 1960s, under Chairman Lynn Townsend, Chrysler glanced jealously at the worldwide power of both GM and Ford and tried to emulate them by expanding rapidly at home and abroad. The forced growth was ill-timed, haphazard and too fast. Chrysler entered the 1970s lacking the financial resources to weather three recessions, two oil crises and an enormous wave of environment, safety and fuel-economy regulations...
...competition, is unfair to an ailing company's competitors and their shareholders, and inexorably leads the Government deeper into private business. Why should a huge company be bailed out, say critics, while thousands of smaller firms suffer bankruptcy every year? Where should the Government draw the line? GM Chairman Thomas A. Murphy has attacked federal help for Chrysler as "a basic challenge to the philosophy of America...
...pretax profits of $140 million on sales that totaled close to $ 1 billion. Although environmentalists were alarmed at the potential damage -indeed, smoke often hangs like a gray curtain for days over Sasolburg-people are now prepared to accept the air pollution at the remote site. Says former SASOL Chairman Pierre Etienne Rousseau: "The oil supply situation shocked many of us into a new sense of reality...