Word: corp
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Dates: during 1960-1969
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...words "service," "love of others," "compassion" not only creep into the middle-ager's vocabulary but add meaning to his life. In church work, social work, community fund drives, culture centers, middle-agers are always at the fore. Sol Linowitz, 52, chairman of the executive committee of Xerox Corp., defines his abiding purpose: "I want to leave the world a little better place than I found...
...tinkering with the tax credit worries many businessmen, if only because plant expansion often requires decisions on spending two or three years ahead of the actual outlays. "Tax and depreciation incentives created the boom in the first place," said Chairman Willard F. Rockwell of Pittsburgh's Rockwell-Standard Corp. "If they cut down the investment credit they'll be in a slump much faster than they expect...
...suppose," says Nathan Cummings, "that there isn't a week that goes by that I don't look at somebody's business." Cummings, who will turn 70 this fall, is a Canada-born, Chicago-based connoisseur of fine art and fine companies. His Consolidated Foods Corp. (TIME, June 24) has made corporate acquisitions and become a food-industry behemoth, with sales last fiscal year of $830 million. Last week Cummings announced the result of his latest look into somebody else's business. Consolidated agreed on a merger in which, for $140 million in stock, it will...
...provoked a strong protest in Washington. Approving an otherwise routine merger between the California Canadian Bank of San Francisco, owned by Toronto's Canadian Imperial Bank of Commerce, and the Northern California National Bank of San Mateo, of which Singer Bing Crosby is chairman, the Federal Deposit Insurance Corp. deplored "the apparent lack of reciprocal treatment" accorded U.S. banks in Canada...
...Coventry headquarters as the "Headmaster" for his autocratic rule, he has scoffed at the industry-wide merger trend, maintained that Jaguar would not go on the block "in my lifetime." Last week he made a surprising U-turn: after two years of quiet negotiations, Sir William and British Motor Corp. Chairman Sir George Harriman announced that B.M.C. will buy out Jaguar in a $51 million stock transfer deal...