Word: dividend
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...years discussing and dropping various plans for resettling them, the Palestinian children were being taught as their primary subjects hatred for Israel and a determination to regain their land in the same way it was taken away?by force. Now grown to young manhood, they are the world's dividend of neglect, the fedayeen...
Brown points to a number of factors which may force the Coop to lower its dividend rate as it did two years ago. Although sales have continued to grow (they will be over $16 million this year, compared to $15,282,000 last year), expenses have risen at a faster rate. Marginality has finally caught up with the Coop. For years he Coop had endeavored to give, in a sense, a double discount. Besides the patronage refund, the Coop has always made a point of pricing as low as or lower than its competition. In fact, the Coop was founded...
...arrival of the discount house in the last ten years has really put us in a squeeze," Brown admits. "We have always tried to price as low as anyone, but now that low is relatively much lower than before. In order to get a dividend, the Coop must cut corners wherever it can. The rebate has to come from somewhere if it doesn't come from higher prices. You can't have a superlative store and fixturing, $5-an-hour sales people, maintain discount prices, provide a lot of service in the form of special orders and still expect...
...that after the Coop pays a rebate on them, it ends up at times losing money. The Yale Co-op, for instance, only offers a rebate on those items with a high mark-up. The Coop's policy has always been to pay its members a dividend on every item they purchase...
...sheer gall, few takeover artists have rivaled Saul P. Steinberg, 29, chairman of 71-year-old Leasco Data Processing. Last year his Manhattan computer-leasing firm gained control of Reliance Insurance, a large multi-line company, and squeezed a $100 million dividend out of its coffers to finance other Leasco operations. Last week Steinberg admitted at Leasco's annual meeting that his takeover appetite has grown so big that he would like to swallow Chemical Bank New York Trust Co., the nation's sixth largest commercial bank (assets: $9 billion). Chemical Chairman William S. Renchard has promised...