Word: deale
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Dates: during 1960-1969
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Beyond Fortas' personal agony, some saw in him the pathetic symbol of the Johnson years-that perhaps he was even representative of the old liberal era that began with the New Deal. Motivated by unquestioned humanitarian ideals, many such men nevertheless grew so accustomed over 30 years to power and influence-and the material goods both brought-that they believed they could do no wrong. Lyndon Johnson's self-righteous dismissal of his critics was not so very different from Abe Fortas' arrogant assumption that he had done nothing wrong in dealing with a man like Wolfson...
...private recording (1,000 copies) of Hawkins' gospel-song arrangements. San Francisco Chronicle Columnist Ralph J. Gleason heard it, gave it a plug or two, and record companies started a bidding war for the album. New York's Buddah Records got there first and capped the deal with a $55,000 advance and a $25,-000 bonus. Buddah changed the group's name to the Edwin Hawkins Singers, put the record out-and the world smiled...
...once reprovingly wrote oldfashioned, human-interest Critic Edmund Wilson, "of removing the characters from an author's imaginary world to the imaginary, but generally far less plausible, world of the critic, who then proceeds to examine these displaced characters as if they were 'real people.'" He refused to deal in such "dreadful things as trends," or offer traditional chatter about themes and schools of literature. Instead, he performed brilliant, instant autopsies on each book, taking it apart and flinging the pieces on the table, then reassembling them so that students for the first time grasped how a book is constructed...
...increase its number of shares outstanding and thus raise the total that Heineman would have to win, Goodrich made a deal with Gulf Oil Co. Last February, Goodrich issued 700,000 new shares worth about $32 million to buy up Gulf's half-interest in Goodrich-Gulf, a money-losing subsidiary. The price was steep, but the deal put 5% of Goodrich's stock into the friendly hands of Gulf's management...
Richard Wellington McLaren likes to tell a story that says a great deal about his main concern as Nixon's chief trustbuster. There was an executive whose firm had been taken over by a con glomerate. Wrote the executive to a friend: "You ask me what it's like to work for a conglomerate? Well, it's just like being a mushroom. First, they keep you in the dark for months. Then they throw dung all over you. Then they...