Word: contracts
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Dates: during 1970-1979
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...cites the union's modest settlement in 1958, another slumping year for the industry. But the last year that talks were concluded without a strike was 1964, and the two sides are starting out far apart. If a settlement has not been reached by the Sept. 14 contract expiration date, the betting is that Fraser would select General Motors for a strike target rather than Ford or the financially stricken Chrysler...
...company stands to see a lot more of Geneen, at least until his $1 million-a-year management contract expires in 1981 and he presumably retires for good at 71. No sooner had he dumped Hamilton than he was jetting to Europe where, in the words of one ITT executive, "more heads are expected to roll." Sure enough, at week's end Gerhard Andlinger, president of ITT Europe, "resigned...
...Saudi Arabia, where ISC won a $106 million contract to design and build a desalination plant, the SEC charges that the company paid Adnam Samman, then vice governor of the state-run Saline Water Conversion Corp., $3.5 million. To pick up a $50 million contract for a sugar processing complex in the Ivory Coast, ISC paid Gilchrist Olympic, son of a for mer President of Togo, more than $1 million and gave him a new Lincoln Continental, the SEC says...
...time, Olympic was managing director of a British consulting firm hired by the Ivory Coast government to screen competitors for the contract. Another $310,000 went to a company half owned by Timothee Ahoua, then and now the Ivory Coast ambassador...
...Chile, the company worked out a deal with Daniel Fuenzalida, chief economic adviser to General Gustavo Leigh, a member of the ruling junta. Fuenzalida and others formed a company called Chilco, which the SEC said was to be paid .5% of the value of any contracts that ISC secured in the country. One member of Chilco was Benjamin Rencoret, who was and is a Chilean honorary consul in Houston. Despite payments of $30,000 to Chilco, the company failed to get the contract it was seeking: construction of a $375 million liquefied natural gas plant...