Word: co
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Dates: during 1960-1969
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...Rogers is giving up an income in the $300,000 range, derived from his law practice and his limited partnership in the Dreyfus Fund. David Kennedy (Treasury) has been earning more than $230,000 a year, plus stock options, as chairman of the Continental Illinois National Bank and Trust Co. Maurice Stans (Commerce) has been grossing about $250,000 as president of the investment-banking firm of Glore Forgan, William R. Staats, Inc., and as a member of other corporate boards. Nixon Law Partner John Mitchell (Attorney General) has been earning more than $200,000. Winton Blount (Postmaster General...
...Raise in Salary. Blount, of course, will unload his interest in the family company. So will another millionaire builder, Governor John Volpe of Massachusetts, who will head the Transportation Department. Volpe retained his chairmanship of the John A. Volpe Construction Co. while serving as Governor. He will sell his interest, which he estimates at about $1,000,000, and expects to lose a quarter of that in taxes...
...remuneration. George Shultz says that he will be making a "very substantial sacrifice" when he resigns as Dean of the University of Chicago Graduate School of Business to become Secretary of Labor. He will also have to give up income from directorships of Borg-Warner, the General American Transportation Co., and the Stein, Roe and Farnham funds. To become Secretary of Agriculture, Clifford Hardin will receive the same base pay of $35,000 that he has been drawing as Chancellor of the University of Nebraska, but he loses his free residence...
Getting the Word. He chose the wrong mark. Mackle, co-owner with his two brothers of the $65 million Deltona Corp., is acquainted with some of the most influential political figures in the U.S. The FBI agents received orders directly from J. Edgar Hoover, while Florida state police were getting the word from Democratic Senator George Smathers. And Barbara Jane was visited last week by family friend Richard Nixon, who urged her to write a book about the ordeal...
Some new entrants in the field have novel ideas for handling riots. Fort Worth's Western Co. of North America, an oilfield-service firm, has developed a slippery powder called Instant Banana Peel, which is guaranteed to turn any street rumble into a sit-in. Baltimore-based AAI Corp.. a defense contractor, has come up with a tear-gas grenade with two crowd-control virtues: it has no shrapnel hazard, and it expels its chemicals in seconds-before it can be picked up and pitched back at the police. A company official says that its grenade sales doubled...