Word: divested
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...White Americans find it as difficult as white people elsewhere do to divest themselves of the notion that they are in possession of some intrinsic value that black people need, or want. And this assumption ?which, for example, makes the solution to the Negro problem depend on the speed with which Negroes accept and adopt white standards?is revealed in all kinds of striking ways, from Bobby Kennedy's assurance that a Negro can become President in 40 years to the unfortunate tone of warm congratulation with which so many liberals address their Negro equals . . . The only way that...
...experiment would provide railroads with a justification for cutting commuter service still more. Already Boston & Maine President Daniel Benson has warned that if Boston commuters continue to cling stubbornly to their cars, "the basic needs of financial survival will leave the B. & M. no choice but to divest itself of passenger operations...
...their hefty $53 million earnings last year as proof that they are seriously out to make a profit. The Justice Department has never been able to make monopoly charges against G.M.A.C. stick. In 1952, after twelve years of futile efforts to persuade the courts to order General Motors to divest itself of G.M.A.C., the trustbusters had to settle for a consent decree under which G.M. promised not to force its dealers to use G.M.A.C. financing...
...role is a planned merger with Decca Records (which controls Universal Pictures). In the new combination, MCA will be the senior partner, thus making it overnight into a major Hollywood studio. At the same time, partly as a result of prodding by the Justice Department, MCA will probably divest itself of its talent-agency business, which last year amounted to only $8,400,000, v. $72.6 million from television films and studio rentals...
After 13 years of courtroom hassling, the epic legal battle between the U.S. Government and the Du Pont Co. seemingly reached an end last week. In a 26-page final decree, Chicago's Federal Judge Walter J. La Buy ordered Du Pont to divest itself within three years of the $3.5 billion worth of General Motors stock that, according to Justice Department trustbusters, has given Du Pont undue influence over the auto company. To prevent possible resurgence of Du Pont influence over G.M. in a new form, La Buy also extended the divestiture order to two other groups...