Word: corp
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Dates: during 1960-1969
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...fact, a lot is happening. Some 260,000 General Motors workers are on strike. A national dockworkers' strike has been postponed because President Johnson invoked the Taft-Hartley Act. Inland Steel Corp. Chairman Joe Block, the man who broke away from other steelmakers to support John Kennedy during the steel hassle in 1962, was making noises about a price hike (see U.S. BUSINESS). In South Viet Nam, the political and military situation was such that by November there might not be any pieces left for the U.S. to pick up. Secretary of State Dean Rusk last week predicted that...
...sold ($3.6 billion worth last year). The boys spend $120 million a year on such items as hair cream, mouth wash and deodorant. The number of teen-age stockholders has tripled to 500,000 in five years; minors hold fully 10% of the stock of the new Communications Satellite Corp...
...delivers or gives any such liquor to any such minor, except on the order of a practicing physician, shall be subject to the penalties-up to a year in jail and/ or up to $1,000 fine. Booked under this statute were a vice president of the Johns-Manville Corp., a psychiatrist, an Olin Mathieson Chemical Corp. executive, a consulting engineer, their wives and a public-school science teacher who was moonlighting as a bartender at one of the parties, as well as another bartender, two caterers and part-time waiters. Judge Eielson's regret seemed to be that...
...formed his own bank. In 1962 he walked into the board meeting of Central Investment Co., a holding company whose directors were feuding, and bought a major interest on the spot. He acquired two more banks and a title company, then merged them to create the Financial Corp. of Arizona, in which he holds 30% of the stock. Under his direction, the company's assets have risen from $62 million in 1962 to $106 million...
Resolution Kept. Murdock has by no means laid aside the silver-plated shovel he uses for all his ground-breaking ceremonies, even though Phoenix is temporarily overbuilt. He has developed 552 million worth of real estate since 1960, and recently he met with Transamerica Corp. officials who are interested in building a new apartment-hotel-shopping complex in Phoenix. With all this activity, he has hardly had time to revise the New Year's resolution he made in 1961: to make his company, then valued at $25 million, a $100 million enterprise within five years. He has already surpassed...