Word: citrus
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Dates: during 1960-1969
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...other electrical-equipment makers in the Great Electrical Conspiracy three years ago (TIME, Feb. 17, 1961 et seq.), the company figured that $50 million would be enough to settle the damage suits from overcharged customers. Last week, as Chairman Ralph J. Cordiner, 63, retired to his cattle and citrus ranch in Florida, he gloomily reported that so many of the firm's 500 complaining customers were holding out for more money that the final settlements may total upwards of $75 million. Biggest single payment: $6,470,000 to the Tennessee Valley Authority. The $50 million that G.E. set aside...
...Israel gradually became agriculturally self-sufficient, Rassco's horizons widened. The company still raises sheep in Samson's Ashkelon, and cattle on the plains of Maresha where Joshua's army marched. But through a string of 52 subsidiaries and affiliates, Rassco is now involved in citrus groves, organic fertilizer, dairies, Bible publishing, diamond polishing, supermarkets, North Atlantic fishing boats, hotels and high-rise apartments. In 65 Israel communities, 93 Rassco building projects are underway; the biggest is a 28-story skyscraper in Tel Aviv. Altogether, on a gross turnover of $60 million last year, Rassco made...
Even without a hunger strike, East Germans are barely getting enough to eat. Their faces tend to look grey because of the lack of citrus and other fresh fruits (the average consumer gets fewer than five oranges a year). With the exception of bread, meal, some baked products and margarine, most foods are rationed. In Saxony, for example, each person's theoretical weekly allowance is one-half pound of meat, two eggs, one-half pound of hard sausage, and about six ounces of butter. The favorite strategy for buying up unrationed goods in short supply is to dispatch every...
...biggest fight of all, Paiewonsky is trying to shift the islands' agriculture out of sugar cane-which is raised on 155 mostly small, uneconomical estates -and into citrus and other higher cash crops. Over protests of the sugar growers, Paiewonsky is urging the federally run Virgin Islands Corp. to close the islands' one creaky sugar mill. "Vicorp" itself is negotiating a long-term lease of 1,700 acres of government-owned and money-losing sugar fields to Big Industrialist Daniel K. Ludwig (TIME, Aug. 2). Ludwig intends to raise citrus for frozen juice then blend one part Virgin...
...history, and is usually reactivated to accommodate an heir apparent. By picking Vice President Borch for it, the board cleared the way for the retirement of Ralph Cordiner, chairman and longtime chief executive. Cordiner has wanted to retire to his 1,800-acre West Florida cattle and citrus ranch, but postponed his departure long enough to untangle the lengthy list of suits arising from 1960's price-fixing decree against G.E. and 28 competitors. Last week Cordiner, 63, announced that he will step down in December. President Gerald Phillippe, 54, will move up to chairman, and Borch...