Word: conagra
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Dates: during 1990-1999
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...troops become involved on the ground. For now, some traders are taking some precautionary steps to get out of international stocks. "We have been doing some swapping," says Hugh Johnson, First Albany's chief investment strategist. "We've sold some stocks with big international exposure, like Dupont, ConAgra and Phillips Petroleum, and have bought Staples and McGraw Hill. I'm trying to make our portfolio a little more insulated from world events...
...skills. Clinton is trying to support the needs of American workers at a time when corporate profits are skyrocketing and wages are stagnating. The issue came to the forefront in January, when AT&T laid off 40,000 workers, and promptly saw its stock price rise. Just this week, ConAgra's stock rose nearly 18 percent the day after announcing 6,500 layoffs. TIME Business Editor Bill Saporito reports that companies will keep downsizing as long as they see their profit margins rise. "As Clinton hands out awards, the same old stuff keeps happening," Saporito says. "You're not going...
...usually self-insured firms, prefer to use the stick. Employees at E.A. Miller, a meat-packing unit of ConAgra in Hyrum, Utah, are charged extra for medical coverage if they smoke. They must also wear seat belts and, if they are pregnant, attend childbirth classes, or they could lose their insurance. It seems to work. Since the plan's inception in 1990, no employee has been killed in a car accident, and the number of premature births has dropped from three in a two-year period to just two in the past five years. "We want to teach employees...
...biggest food exporters talking the language of Manifest Destiny. "We're going to grow more grain. We're going to grow more beef. We're going to be slaughtering more hogs. We're going to grow more poultry. We're gonna get that European market!" said Dick Gady of ConAgra...
...bargain price of $50 million in 1980, Harper revived the frozen-dinner company by adding 90 new selections. In the Beatrice deal, Harper reportedly picked up the company for less than half the price initially sought by financiers Kohlberg Kravis Roberts. Harper's management philosophy is to allow each ConAgra unit a high degree of autonomy. "We have more presidents than banks have vice presidents," he says. ConAgra's low-key style has paid off handsomely for shareholders. After ten years of record earnings, ConAgra stock that cost $100 in 1978 was worth $3,772 by the end of last...