Word: clerking
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...McGraw-Hill's management. In tender offers over the past ten years, the target company has been acquired 85% of the time either by the initial aggressor or by another bidder. Even Lipton, who with his pale, bland face and dark shapeless suits looks like an ambitious bank clerk, admits: "Cash offers are rarely defeated." Two years ago, he fended off Congoleum Corp.'s cash offer for Universal Leaf Tobacco. Says a Wall Street merger and acquisition specialist: "Marty tied Congoleum up for over eight months in the courts, and it got mauled so badly that it finally...
Just before last Christmas, a racing-car driver entered the museum-like sanctum of Tiffany & Co. in Manhattan to buy a diamond ring for himself. A clerk told him that such a purchase would be "vulgar" for a man. The driver argued: "I'm a customer, and your job is to give me what I want." Sniffed the clerk: "What you want is your business. What we sell is our business...
DIED. Clifford F. Hood, 84, president of U.S. Steel from 1953 to 1959; in Palm Beach, Fla. Starting as a clerk in U.S. Steel-owned American Steel & Wire Co. in 1917, Hood served as that firm's president for twelve years (1938-49) before moving over to the top post of another subsidiary, Carnegie-Illinois Steel Corp. In 1951 he was responsible for the construction of the $400 million Fairless Works near Morrisville, Pa., one of the largest steel complexes ever built, and two years later he won the presidency of "Big Steel...
...Cairo some days ago, an Egyptian bank clerk asked a foreign customer what the weather was like in Israel; the clerk and her friends are planning a spring vacation there. Easter should be particularly busy. Many of Egypt's 6 million Coptic Christians intend to make a pilgrimage to Jerusalem, which is their most holy city. Huge numbers of Israelis are eager to see the pyramids, which some think their forefathers built (historians are doubtful...
Robert Campo, currently chairman of the Board of Assessors in Somerville, is running as an independent, but should not be taken too seriously. Cavanaugh has the almighty first position on the ballot, as well as the enthusiastic blessings of those who are aware of his work as clerk of the probate courts over the past year...