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...consumer spending flattened out, profits turned downward again and Genesco's creditors became worried about their loans (the company had to refinance $70 million in debt that fell due in November). Stockholders bridled when Jarman announced at the annual meeting in December that Genesco would pay them no dividends before 1978. Common shareholders have received nothing since 1973, and Genesco is behind in dividend payments on preferred stock. Shareholders also complained angrily that, while the company was paying no common dividends, Jarman's salary had been raised by $105,000 a year...

Author: /time Magazine | Title: CORPORATIONS: End of a Family Fight | 1/17/1977 | See Source »

...broadness of the market's recent advance. Investors are showing increasing interest in a wide range of stocks of smaller companies in residential building, home-furnishings and semiconductor equipment. Until fairly recently, such secondary stocks were largely overlooked despite their attractively low price-earnings ratios and relatively high dividend yields. One result of this buying surge: price gains in the general market have outdistanced the Dow's blue-chip index. So far this year, the Dow has advanced 15%. The index of all stocks traded on the New York Stock Exchange (roughly 1,550) has gone...

Author: /time Magazine | Title: Business: Faith Flowers Again on Wall Street | 12/27/1976 | See Source »

...Lyndon Johnson's budget director during years of Great Society and Viet Nam buildup, was one of earliest important advocates in Government of the new politics and economics of austerity . . . Argued that new programs should not be launched without careful forecasting of the economy's "fiscal dividend"-the difference between expected future growth in Government income and built-in raises in federal spending . . . Rapped Republicans for failure to cut Pentagon spending after Viet Nam . . . Scorns facile promises about reducing spending ("As long as people talk without being specific, it's easy to talk about big cuts") . . . Calls...

Author: /time Magazine | Title: The Nation: JIMMY'S TALENT FILE | 12/20/1976 | See Source »

...problems. His vision, which aspires to the peripheral and occasionally epiphanal, is sometimes just blurry, but then no one expected Ah, Wilderness! from someone not even out of the forest. O'Donnell's gift is what sticks, and it is some gift indeed: funny, touching and distinctive. This dividend is the one you frame because it's the first...

Author: By Peter Kaplan, | Title: Sleep-away Paradise | 11/18/1976 | See Source »

...candidates, they agree on one point: both would end the double taxation of corporate income and dividends. Carter has not explained how he would end the dual levy, but Ford has proposed phasing in a combination of dividend deductions and stockholder credits that would cost the Government $13.3 billion by 1981. On other aspects of the problem, the candidates disagree...

Author: /time Magazine | Title: THE ISSUES: BATTLING OVER TAX REFORM | 10/4/1976 | See Source »

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