Word: corp
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Dates: during 1970-1979
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...year, mostly because of their popularity in what some auto executives describe as the "blue denim" market. Says Chrysler Executive Vice President Richard K. Brown: "They used to be just work vehicles. Now they are among the most popular forms of modified, personalized transportation." At still-struggling American Motors Corp., rising sales of Jeeps, another favorite of the blue-denim crowd, are the company's main hope of staying in the black this year after heavy losses...
Paul then set his eye on one of the giants of U.S. oil: Tidewater Oil Co., with assets of $192 million. After a long battle with Tidewater management and Standard Oil (New Jersey), which dominated Tidewater, Getty by 1937 had won control of Mission Corp., a holding company with substantial shares in Tidewater and Skelly Oil (Getty did not win numerical control of Tidewater until 1951). During World War II, he ran Tulsa's Spartan Aircraft Co., a Skelly subsidiary, forcing supervisors to sit behind a huge eight-ball if they did not meet production schedules...
...fourth Getty struck it rich. By 1955, his wells were producing more than 4,000,000 bbls. of oil a year. Today, they are the chief source of oil for Getty's petrochemical complex, which includes the original Getty Oil Company (of which Getty owned 64.8%), the Mission Corp. (88%) and Skelly Oil (owned 72.5% by Mission...
...plethora of studies. In 1972, the Surgeon General issued a $1.8 million five-volume report concluding that yes, indeed, TV carnage can cause aggressive behavior in some children. Since then, the National Institute of Mental Health, all three networks and various foundations have sponsored their own studies. The Rand Corp., given a $150,000 grant to organize the available research, compiled a bibliography of 2,300 assorted papers and reports...
...rocketing rise in demand are now beginning to appear, but many experts expect the buying pace to remain brisk and salutary in the months ahead. A temporary easing of the sales upturn sometime soon would scarcely be unexpected. Says Paul J. Markowski, chief economist of Argus Research Corp.: "Consumers are merely pausing to reassess the situation. We had a big rush of spending in March, so a slowdown is not surprising...