Search Details

Word: corpe (lookup in dictionary) (lookup stats)
Dates: during 1950-1959
Sort By: most recent first (reverse)


Usage:

Union Power Play. Early in the week McDonald scored on his divide-and-conquer campaign in a friendly contract-signing session with Chairman Edgar Kaiser of California's Kaiser Steel Corp. (2% of steel capacity). Steelman Kaiser (see BUSINESS), refusing to stick with other operators through the injunction procedure, signed a 20-month union contract giving his 7,500 employees a yearly wage-and-fringe-benefit boost worth 11.25? an hour, only a quarter of a cent more than the last industry-wide offer. To the Kaiser company, the terms made special sense because of its special situation, which...

Author: /time Magazine | Title: THE ECONOMY: The Bind in Steel | 11/9/1959 | See Source »

...cent an hour. The big difference was one of principle, to wit, the industry's need for more flexible work rules so that the mills can use their work forces more efficiently to cover the costs of higher wages and higher benefits. Snapped R. Conrad Cooper, U.S. Steel Corp. vice president and top industry negotiator: "The basic position of the steel companies is not about to crumble whether or not there is an injunction." And even though auto assembly lines, tractor plants and construction projects were shut down-and unemployment spread to 300,000 beyond steel...

Author: /time Magazine | Title: THE ECONOMY: The Bind in Steel | 11/9/1959 | See Source »

Union Boss McDonald exploited the break by signing Kaiser-style contracts with Detroit Steel Corp. and Granite City Steel Co., small companies (less than 1% of U.S. capacity each) that have been operating throughout the strike on union-granted contract extensions. But McDonald's drive never got beyond the easy pickings of the minors, soon hit the stiffened wall of major company resistance. Top steel negotiators declared that the Kaiser contract 1) would cost non-Kaiser companies nearly half again as much, 2) provided contract reopening in 1961, which was "intolerable to all," and 3) left work rules...

Author: /time Magazine | Title: THE ECONOMY: The Bind in Steel | 11/9/1959 | See Source »

From there Symington branched into radio loudspeakers, then, in 1930, bought from Sears, Roebuck a controlling interest in Colonial Radio Corp., using $500,000 borrowed from his uncles. Weathering the Depression by a combination of luck, good management and driving energy, Symington finally sold his interest in 1935, netting a small fortune...

Author: /time Magazine | Title: DEMOCRATS: Everybody's No. 2 | 11/9/1959 | See Source »

BIGGEST ALASKAN OIL WELL was brought in by Standard Oil Co. (Calif.) on Kenai Peninsula, 40 miles south of Anchorage. New well, largest of four being jointly developed by Standard and Richfield Oil Corp., has capacity of 1,300 bbl. daily...

Author: /time Magazine | Title: Time Clock, Nov. 2, 1959 | 11/2/1959 | See Source »

Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | Next