Word: corp
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Dates: during 1960-1969
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...stand-bys-taxes on whisky, cigarettes and gasoline-they are slapping taxes onto restaurant meals, hotel rooms, commercial occupancy, utility bills, stock transfers and on the use of sewers. Last week, testifying before a House Judiciary subcommittee that is trying to write sensible guidelines for such taxes, Caloric Corp. Vice President Werner N. Davidson complained: "Today the overlapping state, county, city and school-district tax structure reminds me of a pyramid built by drunken Egyptians...
Experts are likely to say that the company suffers from the aftereffects of bad decisions at the top and that many of its divisions can barely make ends meet. They have been saying this for years about the Fairchild Camera & Instrument Corp. - and they may be right. Yet last year Fairchild's shares rose by a greater percentage than any others on the New York Stock Ex change, spurting from...
...gathers samples of toiletries and tobacco products that manufacturers usually give away free, boxes them into "Campus-Pacs," and distributes them through college stores. His Guest Pac Corp. recently sold its 10 millionth box and, with the obvious inspiration of a public-relations man, celebrated by giving a $250 scholarship to the M.I.T. coed, Laura Miller...
...dispenser of headache powder. Harris conceived a toiletries pack, sold the idea to hotels as a convenience for guests. He eventually signed up 4,000 hotels, sold more to banks looking for new-account come-ons, others to airlines (which give the packs to grounded passengers). The Guest Pac Corp. also sells packs to the Salvation Army and the Red Cross for disaster-area vise and for distribution to Viet Nam wounded in Army hospitals...
Merger Drive. Europeans are not likely to see a Siddeley-Messerschmitt or a Rolls-Fiat company for some time, but, mergers within the British aviation industry itself are in the offing. The government hopes to induce a merger between the two big airframe manufacturers, British Aircraft Corp. and Hawker Siddeley, and perhaps even to try to unite the two proud jet engine builders, Rolls-Royce and Bristol Siddeley. The combined companies presumably would be able to lift productivity, which is only one-third as high as in the U.S. aerospace industry, and two-thirds as high as in the French...