Word: distributor
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Dates: during 1970-1979
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...into a courtly old gent with a recipe for fried chicken. The rest is history: John Y. Brown Jr. built an $830 million empire around Colonel Harland Sanders' Kentucky Fried Chicken. Having made his fortune, Brown sold out last year to Heublein Inc., a food and liquor distributor, and went into semi-retirement at age 37. But then he met Ollie Gleichenhaus, who runs a seven-stool hamburger joint in Miami Beach. Now Brown is determined to make him the Colonel Sanders of hamburgers...
...supporting apartheid in South Africa by allowing its cameras and film to be used in internal passports and by paying much lower wages there to blacks than whites. The charges turned out to be embarrassingly accurate. Even though the Polaroid operation in South Africa is owned by an independent distributor rather than by the parent corporation, Land was deeply hurt by the employee protest. He decided on a novel solution: he asked a group of employees, including blacks, to visit South Africa and study the case. "Your decision will be implemented, whatever it is," he promised. The group eventually agreed...
...from John Nevin, an innovative cost cutter who left a Ford Motor vice-presidency to become Zenith's president last May. Together, Wright and Nevin sold off marginally profitable lines in order to concentrate on consumer electronics. Last-week Wright added to that line by acquiring the U.S. distributor of electronic watches made by Switzerland's Movado, a firm that Zenith already controls...
...Justice Department about ways of getting such damages repaid to consumers without forcing them to sue. Last week, for the first time, the commission ordered a company to lower its prices by an amount triple the sum of its "excess" profits. The accused profiteer was Godfrey Co., a food distributor headquartered in Waukesha, Wis., with annual sales of $126 million. Godfrey's troubles stemmed partly from the fact that its fiscal year ended in March: the commission figures that only a full-year profit margin can provide evidence that a company's excess earnings were not merely accidental...
Meanwhile, Cahaly's Market yesterday revoked its hike in the price of out of town newspapers. Cahaly said that an alleged representative of his newspaper distributor informed him last Sunday of a rise in the distribution cost. Cahaly went along with the Cambridge-wide 5 per cent rise in price. He later learned, however, that distribution cost had not gone up. Cahaly said that since the sale of out of town newspapers is not too important to 15 cents...