Word: contractive
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Dates: during 1950-1959
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Immediately upon his appointment as chief of staff, Song launched an investigation of the army from top to bottom. First results: the arrest of scores of crooked officers, from generals to lieutenants. Many were found to be taking bribes from contract-hungry businessmen -and in several cases even succeeded in buying off some of Tiger's investigators, who in turn were also court-martialed. Other underpaid officers (a four-star general gets only $174 a month) had coolly pocketed payrolls for their own troops. Stolen military supplies had become so important to the South Korean economy that in June...
...quit ABC, Kintner had an offer to join NBC as executive vice president in charge of color coordination ("I didn't know a damn thing about color"), took charge of TV operations in February 1958. That July he was named president, with a ten-year sliding-scale contract that pays him upwards of $150,000 yearly. Kintner frankly admits that he applied his ABC formula: canned series, westerns, private eyes-plus quizzes. He knifed Wide Wide World, Omnibus, live dramatic shows (including Kraft Theater). Says he: "I had to catch up with front-running CBS." This year, Kintner...
George Avakian, head of Artists and Recordings for Warner Brothers Records (to which the group is under contract), confirmed these reports and stated that "on two, possibly three, television shows the Gateways were told 'we'd love to have you, but you make it tough on the sponsor and on the market down South...
Call options are most popular with bulls, who think the market will rise. A call is a negotiable contract giving the purchaser the right to buy stock, usually in 100 share lots, any time during a specified period running from 21 days to a year or more. For example, last June Filer sold a six-month, ten-day call on American Motors for $625. This gave the purchaser the right to buy 100 shares of American Motors at 37⅛ at any time before the option expires on Dec. 7. With American Motors now selling around 80, there is already...
Since 1950, Machines Bull has had a contract to sell in the U.S. under the trade name of Remington Rand. But sales never amounted to more than $3,000,000 a year. The company believes it can readily market $40 million worth of its computers and other equipment under its own name if a big sales push is made. Last week Callies and Vieillard dickered with Remington Rand, whose contract is expiring, and other U.S. companies for a deal to make an all-out push...