Word: corp
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Dates: during 1970-1979
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Nonetheless there were some intriguing tidbits on the alphabetic menu. Treasury Secretary Michael Blumenthal, when chairman of Bendix Corp., was the highest paid Cabinet member, with roughly $600,000 in salary and benefits for 1976. But he owned two singularly inexpensive cars: a 1973 Ford Pinto and a 1975 Honda. Health, Education and Welfare Secretary Joseph Califano earned $505,490 from his Washington law firm, about twice what Secretary of State Cyrus Vance drew from his law firm on Wall Street. But Vance's assets-six Es, two Ds, three Cs, one B and two As (at least...
...other Cabinet-level officers may be tempted to whisper under their breath about Strauss. His nomination brings another powerful figure into the new Administration's increasingly crowded economic policy lineup. The man who appears to be getting crowded most is Treasury Secretary Michael Blumenthal, the German-born Bendix Corp. president, who seemed to have been recruited by Carter for his drive and expertise in foreign commerce; he had been an effective international trade negotiator in the Kennedy Administration. Even before Strauss's nomination, Blumenthal's clout in the new Administration had appeared to be limited...
...problem confronting the International Business Machines Corp. these days is unusual indeed: What to do with $6 billion in excess cash lying around in company coffers? The embarrassment of riches afflicting the world's largest computer maker (1976 sales: $16 billion) was spotlighted last week when Chairman Frank T. Cary announced that IBM wants to spend $1.1 billion to buy back at least 4 million shares-almost 3% of the total outstanding-at $280 a share. The company's stock closed last week...
...Detroit man files for a loan with the Dial Financial Corp.: $600 to pay his overdue fuel bill. The Georgia Power Co.'s Atlanta switchboard hums with a record 70,000-plus calls a month, mostly from hard-pressed customers complaining about the jump in utility charges. In St. Louis, Cleo Starks, 40, marches down to the Laclede Gas Co., her $300 fuel bill wadded in her fist, and punches the daylights out of Inez Paoletti at the customer service desk. "I don't know what happened," Starks told police. "My mind just snapped...
FINANCE COMPANIES charged the highest rates. Typically, Household Finance Corp. would demand 18% annually on a 30-month loan. Monthly payment...