Word: corp
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Dates: during 1970-1979
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...loan is only one in a growing number of bold business ventures by the Shah. Last year Iran bought a 25% chunk of the steel-producing division of West Germany's Krupp concern for $100 million, and Iranian banks participated in a $200 million loan to the Grumman Corp. Last week the Shah also unveiled a grandiose $5 billion project for the modernizing of Tehran, his capital...
...paper, including Bob Hayes as black minority adviser and sportswriter; Raul Ramirez, a 28-year-old Cuban journalist from the Washington Post, as an investigative reporter; and Reporter Larry Kramer, an abrasive 24-year-old Harvard M.B.A. (who in 1974 wrote his master's thesis on the Hearst Corp.), as assistant to the executive editor, to churn out ideas...
...years, Polaroid Corp. staffers wondered when Founder Edwin Land, 65, would start giving up some of the titles that he had held for 38 years: chairman, president, director of research. In a surprise move, the inventor-autocrat last week handed one of his jobs, the presidency, to William McCune Jr., 59, Polaroid's executive vice president and, since the founding of the company in 1937, its senior engineer. The surprise was not merely that Land finally anointed a possible successor, but also that McCune's new job did not go to General Manager Thomas Wyman, 45. A sales...
Consumers were hardly mollified by the tax rebate. Said Jean Patton, a management consultant for Polaroid Corp.: "It seems the President is just taking out of one pocket and putting it in the other." Judy Elliott, a restaurant owner in Hartford, agreed: "There are 10,000 people around here who have had their heat cut off because they can't pay. What good is a tax cut when they can't heat their homes...
...bars on Bomber Road outside the sprawling General Dynamics plant in Fort Worth began filling up as soon as the word came down from Washington, and there was plenty to celebrate. After a three-year commercial and political dogfight with a rival design built by the Northrop Corp. of Los Angeles, the company's single-engine YF-16 had finally won a bruising Air Force competition for a new generation of lightweight fighter-interceptors. The new machine is supposed to help the planners fight rising costs in military budgets, but that will not prevent it from yielding a bonanza...