Word: chocks
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...above all, keep us entertained, keep us awake. Be bold, be personal, be witty, be chock-full-of-facts. I'm sure you can do it without studying if you try. We did. Best Wishes, A Grader
DIED. William Black, 80, iconoclastic founder and chairman of Chock Full O' Nuts Corp.; of cancer; in New York City. Black parlayed a $250 investment hi a Broadway nut stand in the 1920s into a $116 million company that rests on a New York City chain of lunch counters, but now does 83% of its business nationally marketing its "heavenly coffee." A philanthropist who gave millions for Parkinson's disease and cancer research, Black was unusually generous with employee benefits-birthdays off with full pay, bonuses for perfect attendance, interest-free loans-and in the past year faced...
...medical school. A record 54 percent headed straight for the job market. Aspiring to top-rate pre-professional training or salaried positions, some students are undeniably susceptible to grade grubbing, premature materialism, and terminal dullness. Few experiences can rival the ludicrousness of a House pre-law committee get-together chock full of milk and cookies and camaraderie. But Ivy League careerism does take less unsavory forms as well...
...sides will clash directly this week at Chock Full's annual meeting. Finkelstein's people have amassed 16% of the stock, vs. 18% owned by Black and his wife. The dissidents want a new management team, one that would expand and license the Chock Full name for other products besides coffee and cakes...
What Finkelstein's group might really be after is Chock Full's substantial New York City real estate holdings. Those, plus buying by the dissidents, have helped drive the company's stock up from $3 in 1980 to $13 last week, despite erratic earnings...