Word: diamond
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Mary Kay Cosmetics has become famous for rewarding its top sales women with pink Cadillacs, diamond-studded bumblebee pins and expense-paid trips to Hawaii. Such glitzy incentives are not the norm among publicly traded companies, but Mary Kay (1984 sales: $278 million) does not have to worry. It will no longer be listed on any exchange. The company's directors last week agreed to sell the firm for $300 million to a group headed by Chairman Mary Kay Ash and her son Richard Rogers, the president...
Before compact disks came along, the method of capturing and replaying music had changed little since Thomas Edison invented the phonograph in 1877. Conventional records store sound in the form of tiny waves cut into vinyl grooves. When a diamond or sapphire stylus passes over them, its vibrations create a tiny electrical current that is converted back into sound. Tape players work in a similar way, reading sound from magnetized particles on plastic ribbon. Both methods involve a process known as analog recording, in which the music is represented as a physical replica, or analog, of the original sound...
...that Rickover's take was more substantial. Last week the Navy released a 32-page report listing $68,703 worth of gifts that Rickover accepted over the years, and in some cases demanded, from General Dynamics, whose Electric Boat shipyard in Connecticut was a principal Navy contractor. Included were diamond earrings and a jade pendant (combined value: $1,125), cleaning bills for the admiral's suits ($1,871), chauffeur charges for 504 separate trips ($16,200) and food and other amenities amounting to $12,000, including such oddities as a long- standing Rickover request for 30 to 50 pounds...
...also the president of the 30-member Board of Overseers, a largely ceremonial, alumni-elected body which rubber-stamps Corporation decisions. Bok--no relation to President Derek C. Bok--sits on the board of Worcester based Norton Company, a billion-dollar manufacturer of abrasives, chemicals, diamond drilling products and other goods. Company spokesman Francis J. Doherty says 1400 of the company's 19,000 employees work at Norton's South Africa manufacturing facilities. The company has the top rating for adhering to the Sullivan Principles, Doherty says...
...sculpture promptly became an object of loathing to many of the people who worked in offices around it; they complained that it prevented their crossing or even using the space. In March the regional administrator of the GSA, William J. Diamond, convened a public hearing to gather opinions (both expert and lay) on Tilted Arc. Some 180 people spoke, two-thirds pro, one- third con. Last month a GSA-appointed panel recommended, based on the hearing, that the sculpture be removed, but the final decision will be made in Washington by GSA Acting Administrator Dwight Ink. The piece's public...