Word: collectivities
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Dates: during 1950-1959
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...years alike). Some plans-usually the contributory type-allow an employee to build up credits ("vesting"), and cash them in if he leaves the company before retirement. Still others permit an employee-should he leave the company before retirement-to leave his vested share in the company plan, collect a reduced pension when he gets to retirement age. Some offer a combination of pensions and profit-sharing...
...Harry Truman, who left the Senate before he became eligible for its plan (maximum: $7,040 a year), is entitled to no pension as President. Nevertheless, he can collect $90 a month as a retired colonel in the Army Reserve...
Bull's Eye. Last week, Pomerantz was ready to collect again. This time his target was Textron Incorporated's Royal Little, who had parlayed a Providence rayon yarn dyeing mill into a $54 million, 20-odd plant textile empire. Textron's baffling labyrinth of foundations and "charitable" trusts had been investigated by Congress, but nobody had ever explored it with such profit as Pomerantz. As usual, he was representing a small (50 shares) stockholder, a Mrs. Lillian Berger of Boston. She, through Pomerantz, charged that Little and his family had been enriched by profits which should have...
Bemusing News. Officially, the Cook expedition which left England in 1768 was purely scientific; the party had been sent into the Pacific to observe the transit of the planet Venus, thus collect data to help astronomers calculate the distance between the earth and the sun. But in fact, the Endeavour's cruise was a matter of empire. The French had just lost Canada and, with an urge to make up for it somehow, were searching for the great new continent that was still believed to lie in the South Pacific between New Zealand and South America. If there...
...canny chieftain returned the men-at-arms, but he kept three Spanish officers behind as hostages and sent his young kinsman, Donald MacLean, along to collect the gold on the spot. Once on board, Donald was clapped in irons, and-hostages or no hostages-the galleon hoisted sail and headed out to sea. A short while later a hideous explosion-it was young MacLean, they say, who touched it off-rocked the quiet harbor, and the Spanish ship settled peacefully below the waves, ten fathoms down. Only the captain's dog and three sailors escaped drowning...