Word: corp
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Dates: during 1970-1979
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...reviewed the budget changes, huddled with top Carter Aide Hamilton Jordan on Government reorganization, appeared on a radio talk show and chatted with Carter three times. Then he went over the CIA budget with Director-designate Stansfield Turner and reassured several business leaders, including General Motors Corp. Chairman Thomas Murphy, that the Administration would pursue moderate economic policies...
CREDIT UNIONS would generally lend to a salesman-member at 12% annually. But if he belonged to Polaroid Corp.'s credit union, an annual refund of interest would reduce the real rate to 9.6%. Payments: about $80 a month for three years. BANKS offered strikingly varied terms on a straight installment loan. In Boston, National Shawmut Bank would lend at 14% per year for 24 months (monthly payment: $96.02). First National Bank of Boston would offer a "revolving line of credit" with an indefinite repayment period and charge interest of 18% annually on the first $500 of unpaid balance...
...disruption of residential service. Utilities reported gratifying householder response to appeals from President Carter to dial down thermostats. In Chicago's North Shore residential area, consumption fell by as much as 15%. Nonetheless, hard-pressed utilities shopped far afield for additional supplies. A representative of Columbia Gas Transmission Corp., one of the nation's largest pipeline companies, prowled corporate corridors in Houston cornering utility men and offering to swap heating oil for Texas natural gas. A consortium of New York State power companies arranged for an extra 50 million cu. ft. of gas from Canada and another...
Tall Order. It is a dizzyingly tall order indeed, but Jim Schlesinger thrives on rising to the highest occasions. A Harvard economics Ph.D., he has served as strategic studies director for the Rand Corp., assistant director of the Office of Management and Budget, chairman of the Atomic Energy Commission, director of the CIA and Secretary of Defense. He gets to the office by 7 a.m., rarely departs before 9:30 at night, and rides his staff hard, sometimes demanding an answer minutes after he has assigned a complex question. The energy-plan team works twelve-hour days and fully expects...
...Bendix Corp., the Michigan-based manufacturer of automotive and aircraft parts, housebuilding materials, metalworking tools and many other things, is a nononsense, tightly reined outfit. It made money throughout the recession and stacked up just under $3 billion in sales last fiscal year. Agee, who was named the company's chairman last December after Michael Blumenthal was selected to be Jimmy Carter's Treasury Secretary, is a tested and talented manager and financial man-as he tells anyone who asks. Practically the only thing he is touchy about is his age: businessmen, Wall Streeters and journalists often remark...