Word: corp
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Dates: during 1970-1979
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...left Boston's government and financial districts strong and healthy, but the city's neglected downtown retail center has stagnated as established stores have followed the middle classes to the suburbs. Last week Boston joined with Jordan Marsh, the city's biggest department store, and Sefrius Corp., a French syndicate, in a bold attempt to change the situation. Their plan: to build a $220 million project called Lafayette Place that is designed to make downtown shopping attractive once more...
...areas: the ability of the company to cope with such business conditions as liquidity shortages, the management of corporate assets, and the reliability of the firm's financial reports. Early meetings have borne out the predictions. At last week's annual meeting of Touche Ross Client Chrysler Corp., 650 shareholders peppered management with some questions that the accountants had not included in their forecast. Among them: Would Chairman Lynn Townsend agree to resign? The answer...
...scene is the board room of the United States Steel Corp. in Pittsburgh, Pa., a few years ago. Seated at the table that usually accommodates the directors of the nation's 13th-largest corporation are four or five Harvard alumni. Seated way down at the other end is a high school senior, seeking admission to the College, about to begin his interview, a half-hour question-and-answer session that would leave almost any applicant a bit shaken...
Soon after rumors of I.C.B.'s plight began circulating, Baron Edmond de Rothschild, chairman of The Israel Corp., ordered an investigation. A report on his findings, released in Israel last December, asserts that The Israel Corp. "was a victim of criminal misconduct," and specifically blames Tzur and Rosenbaum. Rothschild has filed criminal charges against Rosenbaum in Geneva, which have yet to be acted upon, and initiated the proceedings against Tzur, who faces a possible 22-year sentence...
Investigations are continuing, and the full story has yet to be told. Israeli officials insist that whatever losses The Israel Corp. suffers will not impair its soundness. But it is agreed that the scandal has, among other things, hurt the country's strained economy: compared with 1973, foreign investment in Israel last year was down...