Word: diamond
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Managers who have found themselves embroiled in no-win squabbles with environmental and consumer groups might take some comfort in the problem facing the Blue Diamond Coal Co. of Knoxville, Tenn. It is being taken to court by, of all adversaries, an order of Roman Catholic nuns. Armed with 81 shares of Blue Diamond stock, the 750-member Sisters of Loretto, a teaching order based in Denver, last week joined twelve other parties in bringing a lawsuit against the company. The nuns' eventual aim, as one of them describes it: to urge the company toward greater "corporate responsibility...
...nuns have criticized Blue Diamond, which operates three mines in eastern Kentucky, for a multitude of sins, including assorted environmental abuses, union-busting activities and wrongful denial of responsibility for a 1976 accident at a Kentucky mine that killed 26 men. (Blue Diamond has been cited for violations of Government safety regulations more than 4,500 times in the past nine years.) In March the nuns asked Blue Diamond to register with the Securities and Exchange Commission so that the SEC would have to regulate it. The company refused, stating that the nuns had not been registered as bona fide...
DIED. Joel Sayre, 78, maverick reporter and screenwriter; of a heart attack; in Taftsville, Vt. At 16, Sayre left college to join the Canadian army for World War I service in Siberia. After graduating from Oxford, he covered Gangster "Legs" Diamond and the underworld for the New York Herald Tribune. In 1933 he published Rackety Rax, an uproarious satire about football and the Mob, and followed it to Hollywood, where it became a film and he became a scriptwriter on such classics as Gunga Din and Annie Oakley...
...safety in an elevator, where she calmly blew bubbles with her bubble gum. But the jostling aggravated an ailing leg, and Fawcett was forced to hobble on crutches to watch a contest selecting her Israeli lookalike. About the only hosts unhappy over her tour were some members of the diamond exchange in Tel Aviv, where normally frantic trading halted while the golden girl oohed over a 17-carat diamond worth $1.5 million. "She cost us a lot of money," growled one trader on the exchange...
...Sudan described here, Hoagland, 46, had left his spoor in the wilderness of British Columbia, the wooded mountains of Vermont, the scrub of Louisiana and the streets of New York. He carried a supply of solitude in and a supply of observations out. In his essay (Walking the Dead Diamond River) and travel books (Notes from the Century Before), he displayed a gift for elegy that made the city as remote as the boondock, and a knack for seeing the familiar for the first time. In Africa, it is the unfamiliar that moves him. After flying, bouncing and sliding around...