Word: consortium
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Jeep deal was typical of American's growth-minded aggressiveness since Chairman Chapin and President William V. Luneburg took over in 1967. At that time, AMC's future seemed so shaky that its creditors, a consortium of 24 banks headed by Chase Manhattan, examined the books every ten days. The new chiefs sold AMC's finance subsidiary and Kelvinator Appliance to pay some of the debts, trimmed costs by $20 million annually to cut the breakeven point from 343,000 to 250,000 cars a year, and last year turned a profit...
...their own and the rooms above and below. A favorite joke around town went: "Are you in oil?" "No, I'm incognito." One company wrapped its bid in aluminum foil in case a competitor had an exotic camera capable of taking pictures through a manila envelope. Another consortium, headed up by Continental Oil, hired a private train at $12,500 a day to ply back and forth between Calgary and Edmonton for four days while executives prepared their bids in total secrecy; at the last minute, they flew to Anchorage in a corporate JetStar...
...were announced. For the first six tracts, a combine of Gulf Oil, British Petroleum and its Alaskan subsidiary bid $97 million. Another tract, just southwest of Prudhoe Bay, brought the highest single bid of the day, submitted jointly by Amerada Hess and Getty Oil: $72,277,133. A rival consortium of Phillips, Mobil and Standard Oil of California had bid a scant $164,133 less. Having underestimated on one tract, the same group decidedly overestimated on another, making a bid of $18,130,000. The next highest bid was a nominal...
...Lake State Bank, "let his heart overload his sense." as one customer says, and tried to lure industry to the town by loaning seed capital to dubious ventures. Big Lake, however, was deprived of banking services for only a week. Three groups bid for the charter, and a wealthy consortium of local oilmen and ranchers won out. Last week the new Reagan State Bank (named for the county) opened on the same premises with the same personnel-except for the overenthusiastic Rees and his two top officers...
...biggest of the shadow schools is Washington Area Free University, a consortium of 2,000 students who also attend the capital area's formal universities. Courses cover everything from drugs and Herman Hesse's novels to macrobiotic diets and Herbert Marcuse's philosophy. Like free university students elsewhere, W.A.F.U. participants subscribe to 19th century Educator Mark Hopkins' heroic if hoary notion that all that is necessary for education to take place is two people...