Word: chairman
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Dates: during 1980-1989
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...still the richest man in America, but his fortune may be dented a bit because he missed a court deadline. A state judge in Fort Worth slapped his Wal-Mart Stores chain with an $11.6 million fine because Walton, 70, was 17 days late in delivering a deposition. The chairman's testimony was subpoenaed for a trial in which a customer demanded $6 million after slipping in a Wal-Mart in Sulphur Springs, Texas. The tardiness penalty dwarfed the $35,658.30 the jury awarded Andrew Carrizales, a Houston mechanic, for his injuries. The company will appeal Walton's fine...
Borden has no bidders now, but last year's food-industry takeovers worried its managers. Chairman Romeo Ventres, who dreamed up the strategy in a sauna, said it might make raiders "think twice." But bidders might be less interested in Borden's bosses than in its brand names (Cracker Jack, Wise potato chips). And Elsie the cow, who appears on Borden's milk cartons, would certainly not stray...
...what amounted to a suicide mission in the hope of winning sympathy and provoking international criticism of the U.S. "Colonel Gaddafi knows that he is irrelevant within the Arab world and can win support only when he is perceived as the victim of superpower oppression," said Congressman Les Aspin, chairman of the House Armed Services Committee. "Two planes is a cheap price to pay so he can hear outpourings of fervent backing...
...unfriendly skies of airline competition, Braniff has been buffeted severely but refuses to stay grounded for long. The Dallas-based carrier endured a bout with bankruptcy in 1981-82, and has changed hands three times since then. Last week Braniff chairman William McGee announced an ambitious plan to triple the size of the airline's fleet and join the ranks of major U.S. carriers...
...predictable functioning of the capitalist law of supply and demand. Soviet salaries have risen an average of roughly 8% over the past three years. Meanwhile, production of big-ticket consumer items like refrigerators and automobiles has been increasing at a much lower rate. As a result, says Yuri Luzhkov, chairman of the state committee responsible for Moscow's food supply, "people are investing their new money in food" -- and, in the process, creating the current spate of product shortages. Jan Vanous, research director of PlanEcon, a Washington-based think tank, agrees that Soviet supply and demand has gone seriously...