Word: corp
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Dates: during 1960-1969
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...some states, drive cars, own property, work for a government agency or get licenses for certain businesses and professions. In San Francisco, Robert Anderson, 26, a college graduate, decided that it was best to lie about his prison record when he applied for a job at the Bechtel Corp. His employer discovered the truth. Although he was allowed to keep his $90-a-week job as an office boy, Anderson is now convinced that he will have an endless amount of trouble advancing above the level of "a flunky...
...this time, the eyes would not have it over the ears. He insisted that the scene be Manhattan's Carnegie Hall rather than a TV studio. He reserved the power to veto any sponsor that he considered out of key ("No spaghetti"); CBS obliged, signed General Telephone & Electronics Corp. Although Horowitz accepted the ground rule that no piece should last longer than ten minutes, he stuck by his determination "not to play down to the public, but not to be too esoteric either." His program is a shrewd sampling of nine works from his recent recitals, including the noble...
...door and someone to answer the mail, GRAMCO's 100 Nassau staffers fill three floors in two office buildings. To make sure that every penny of income and outgo is handled meticulously, GRAMCO has turned the routine operation of the fund over to the prestigious Trust Corp. of the Bahamas, which is jointly owned by such institutions as Manhattan's Morgan Guaranty Trust Co., the Royal Bank of Canada and London's Westminster Bank...
Enough Schenley stockholders accepted a tender offer to give Riklis' Glen Alden Corp. 88% control of the big distiller (1967 sales: $518 million). Fat with $323 million in working capital, Schenley was a tempting merger plum. As befits Riklis' guiding philosophy-described as the art of buying companies with their own money-Glen Alden is paying for Schenley mostly with promissory paper. For each H Schenley shares, worth about $85 in the stock market, Schenley stockholders get $13 in cash; they also get a $100 debenture that pays 6% annual interest until its 1988 maturity. Riklis can thus...
...rebound principle apparently works in matters of business as well as affairs of the heart. Early this year, when cigarette-making Lorillard Corp. tried to merge with Schenley Industries, it was rebuffed in favor of the Glen Alden Corp. Meanwhile, Loew's Theaters Inc. was scorned when it attempted to merge with Commercial Credit Corp., which opted instead to merge with Control Data Corp. Last week the two losers got together on the rebound. In a complicated swap of Lorillard stock for that of Loew's (value of the exchange: at least $418 million), the two companies plan...