Word: coddler
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Dates: during 1940-1949
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...provide workers with security. When times were bad, Crown Zellerbach and the other paper mills developed work-sharing plans that kept employment stable throughout West Coast paper mills; now, with work plentiful, it has cooperated with the workers in setting up health and retirement insurance plans. No coddler of employees, Crown Zellerbach thinks workers should shoulder more responsibility. For example, the average Crown Zellerbach employee works with equipment worth $25,000 (in 1940), and is asked to suggest ways to make it more efficient. At its largest mill the company gets up to 100 suggestions a month, finds about...
Small Fry Coddler. He bought small bond issues of rural school districts, which no one else would touch. When lack of bids threatened the whole Golden Gate Bridge project, A.P. bought the bonds. He also coddled the small fry: any regularly employed person can borrow up to $300 on his signature alone. When the Securities and Exchange Commission objected to some of his operations, A.P. defended himself by attacking. He haled the SEC into court...