Word: contract
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Dates: during 1970-1979
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Early this week United Auto Workers President Douglas Fraser leads a phalanx of union representatives into the orange-carpeted fifth-floor conference room at General Motors headquarters in Detroit to open triennial contract negotiations with the Big Three automakers. The outcome of the most important labor negotiation of the year will significantly affect inflation and wage rates in other industries. Much will depend on Fraser, who is making his debut as chief negotiator for the 1.5-million-member union that he has headed since 1977. TIME Detroit Correspondent Michael Moritz analyzes the man whom the auto chiefs will confront...
Eckstein has a contract to stay on as head of the company for three years...
...teens, and then created Surety Industries, a computer leasing firm. The business worked this way: Surety bought computers from manufacturers. It financed the purchases with multimillion-dollar loans from banks, using the computers themselves as collateral. Then Surety leased the computers to corporations or government agencies. Typically, the leasing contract is for seven years, with the proviso that the customer can break it after three or four years. Before 1974 the banks were unwilling to make loans for more than four years. They feared that giant IBM might roll out new models that would make the leased computers obsolete. Thus...
...getting a woman who somewhere along the line misplaced whatever slight faith she ever had in the social contract, in the meliorative principle, in the whole grand pattern of human endeavor...
...notion of a Chrysler-Volkswagen combination seemed plausible, at least superficially, because of the ties that exist between the companies. They are currently renewing a contract under which Volkswagen has been supplying 300,000 engines annually for Chrysler's Omni and Horizon subcompacts, its only two brisk sellers. The two companies also have jointly run an auto plant in Brazil, and Volkswagen makes its popular American Rabbits in a Pennsylvania plant that once belonged to Chrysler...