Word: dimes
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Dates: during 1960-1969
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...concepts with their low-price, high-volume retail stores. In 1897, he gambled his $8,000 savings on a similar shop in Memphis. On the way up, Kresge pioneered in giving his employees sick pay and paid vacations, in 1925 was the first to discard the strict nickel-and-dime rule, began offering goods from 250 to $1 as well...
...company owes much of its unique character-as well as its profits-to Kresge's farm-bred frugality and his stern Methodist morality. He once donated $500,000 to the Anti-Saloon League, said that "I never gave a dime to any church the pastor of which uses tobacco." Kresge men and women, mindful of old S. S. dictums, still eat separately in company cafeterias, habitually snap off lights when leaving washrooms-although managers complain that switches are wearing out. Yet when President Cunningham in 1961 urged that the chain fight discounters by opening its own discount "K-Marts...
...supports Detroit civic organizations and the Salvation Army as well as higher education and hospitals all over the world. Dedicating Kresge Hall at Harvard Business School when he was 85, S. S. gave one of the tautest ribbon-cutting speeches on record. He simply said: "I never made a dime talking." Then, as he did last week, one of the last of the dime-store magnates gracefully stepped down...
Where's That Dime? Cummings has been quick to sell off his few losers,*and he is personally no spendthrift. He and his second wife Joanne, 37, live luxuriously. But, remembering the day when he was down to his last nickel after having been laid off as a part-time shoe salesman, Cummings will reach into the coin-return slot after a pay-station telephone call to see if his dime comes back. "I may be extravagant," he says, "but I'm not wasteful...
...even after Russian-born Igor Sikorsky introduced the U.S.'s first successful commercial version 25 years ago, copters remained so cantankerous as to be largely experimental. The indispensable element of a copter is the rotor, which enables it to take off and land on a dime, hover, fly in any direction, land on a dead engine. Spinning, a rotor not only tends to whirl the body of the machine in the opposite direction but makes the whole craft in effect a gyroscope resisting any movement from its original position. To keep copters from toppling over like drunken ducks, manufacturers...