Word: controls
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Dates: during 1950-1959
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...toughs with a total of 178 arrests on their police dockets. One of them told a Brooklyn machine-shop owner: "You have got to pay us off because you are mine. No matter where you are going to move, you are mine." During Hoffa's struggle to get control of the Teamster joint council in New York, Dio helped him set up seven fake "paper locals" to cast votes in a joint-council election. When Dio went to prison on an extortion rap in 1958, Hoffa gratefully promised to look after Dio's family...
Minneapolis. Fleeing an investigation of an attempted murder in Miami, Gerald Connelly found a haven as head of Teamster Local 548 in Minneapolis. When he got into trouble with the law there on charges of extortion and dynamiting, Teamster organizations under Hoffa's control paid out several thousand dollars for Connelly's lawyer fees...
...power, especially if the Senate adopts the House bill's restrictions on blackmail picketing and secondary boycotts-longtime Teamster weapons. But with his lawyers already at work looking for loopholes, Hoffa is going to make every effort to go on behaving like Hoffa. Last week he finished buying control of the Miami National Bank so that he can use the bank to get around labor-bill controls on what he does with Teamster welfare-fund money. He plans to channel welfare-fund millions into Miami National and then distribute the money as bank loans and investments, exempt from labor...
Management insists on greater control over such working conditions, which it claims nurture featherbedding, and it refuses to grant a penny in wage hikes unless it can increase efficiency by changing work practices as it sees fit. Otherwise, say the steel companies, any wage hike would be inflationary. Union Boss David McDonald charges that any changes would have the effect of "reducing the employees to mill slaves and the union to an ineffective puppet." He has even more personal reasons for standing firm: rank-and-file union members are deeply aroused over the threat to local working practices, and they...
Rockefeller got blooded in venture capital by helping round up $3,500,000 to refinance young Eastern Air Lines in 1938. He saved the day for one of his boyhood heroes, President Eddie Rickenbacker, who almost lost control to a bump-Rickenbacker group. Rockefeller took 24,400 shares of Eastern at $9; each is now worth $155 on a pre-split basis, and Rockefeller, with $3,970,000 worth, is Eastern's biggest stockholder. In 1939 an unknown plane designer, J. S. McDonnell, came to him with some paper plans for an advanced type of fighter. Rockefeller...