Word: cio
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...seniority who are in little danger of being laid off during a recession. Many of them would undoubtedly make less money in a share economy than they do now. For that reason, labor unions are decidedly cool toward the proposal. Says Murray Seeger, director of information for the AFL-CIO: "This scheme would continue the suppression of workers' earnings." Weitzman says the Government would have to lead the way in overcoming worker opposition. He suggests that employees who accept a share plan be given income tax breaks similar to the preferential treatment of capital gains...
...debate of the meek or mild, and in recent weeks the opposing voices have grown increasingly strident. "I think corporate raids are an outrage and a bloody scandal," says Lane Kirkland, president of the AFL-CIO. "The object is for somebody to make a killing, pure and simple, and I see no virtue in it at all." Counters Minneapolis Investor Irwin Jacobs, who has made runs at targets as varied as ITT and Disney Productions: "We're really not a bunch of big, bad wolves. Mergers and acquisitions have created a great deal of value...
...Representative for the past four years, William E. Brock, 54, has been a vocal opponent of the protectionism that many labor leaders have demanded for their beleaguered industries. As a four-term Republican Congressman and a one-term Senator from Tennessee until 1976, Brock was so conservative, the AFL-CIO says, that he voted with labor on only 14% of the issues that mattered most to it. Earlier, as an executive of his family's candy company, he supported its nonunion-shop policy. So when President Reagan selected Brock last week to replace Raymond Donovan as Secretary of Labor...
...reason for the friendly welcome is that relations between the Administration and union leaders could hardly get worse; the AFL-CIO threw its support behind Democrat Walter Mondale more than a year before last November's election, and Reagan successfully blasted his foe as a captive of such "special interests." Furthermore, Donovan, a former New Jersey construction-company executive, had done little to build a smoother relationship. Repeatedly under investigation, and finally indicted on fraud and larceny charges last October, he was too preoccupied to be effective. Although Reagan defended Donovan to the end, many of the President's aides...
Brock has strengths of his own that make him attractive to many labor leaders. Unpretentious and relaxed, he is a political operator who exudes reasonableness even when dealing with opponents. Said one AFL-CIO official: "We disagree with Brock, but Brock listens." Said Brock of Kirkland: "He's an old friend, a man I have a great respect for, and a man I think I can work comfortably with." Nor has Brock's record as Trade Representative been completely inimical to labor. While he argued strongly for free trade, Brock nevertheless negotiated voluntary import restrictions with foreign auto and steel...