Word: chairman
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Dates: during 1970-1979
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...signatories do not speak for a majority of American Jews. Theodore Mann, who is chairman of the Conference of Presidents of Major American Jewish Organizations, declared last week: "That such settlements are legal is not only my view but the consensus in the American Jewish community." Despite this admonition, many of those who signed the letter remained convinced that their criticism was a proper way to dissuade Begin's government from a policy that they felt was not only tactically wrong but morally insupportable...
...fact, Hamilton was ousted after only 18 months because he upset the man who had built ITT into the world's biggest conglomerate, its demanding, autocratic chairman, Harold Geneen, 69. Hamilton's offense? Nothing more than some modest restructuring of the company into five operating divisions, and a bit of judicious pruning of corporate deadwood that had grown up under Geneen...
...boss of the company. Reluctant to relinquish power, Geneen in 1975 had been given a two-year exemption from the company's policy of mandatory retirement at 65, but when he finally did step down, ostensibly to confine himself to his more general policy-making duties as board chairman, he pestered the new chief with critical memos, maneuvered to circumvent Hamilton's corporate decision making and sometimes even insulted him to his face. One source close to both recalls Geneen remarking in Hamilton's presence shortly before he stepped aside as chief executive: "1 want...
...labor unions to threaten to withdraw more than $1 billion in pension and other funds from New York's Manufacturers Hanover bank unless it dumped two of its directors, who also held seats on the Stevens board. The bank quickly caved in and failed to renominate Stevens Chairman James D. Finley and David W. Mitchell, chairman of Avon Products. Two weeks later Mitchell, deluged with letters from union sympathizers threatening a boycott of Avon goods, also quit as a Stevens director...
Next the ACTWU turned its ire on the New York Life Insurance Co. by announcing that it would run its own candidates for the board against Finley and New York Life's chairman R. Manning Brown Jr. A contested election would have cost the insurance firm as much as $6 million to mail ballots to its policyholders, and New York Life decided that it was not worth the fight. Stevens' Finley was again knocked off a board-this time New York Life's-and he was furious. Meanwhile, Brown, who had earlier vowed not to give...