Word: dividend
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...which reported an 83% drop in profits and slashed its dividend in half this month, suggested that Agee keep his hands to himself. In a press release, RCA harrumphed that the Bendix chairman "has not demonstrated the ability to manage his own affairs, let alone someone else's." The slam was an obvious reference to the close relationship between Agee, 44, and Mary Cunningham, 30, who became a Bendix vice president for strategic planning just 15 months after joining the company and then resigned amid rumors that she and Agee were romantically linked. In another broadside, RCA Chairman Thornton...
Greenspan, in contrast, saw a positive side to the budget dilemma. In the past, he said, the lawmakers always believed that inflation would raise revenues and create a surplus within a few years. They used this "fiscal dividend" from inflation as a justification for launching costly new spending programs. As a result, the budget never came into balance, but took up an ever larger portion of U.S. income. Federal social programs alone account for 12% of the American G.N.P., up from 8% in 1960. Now that indexing has eliminated taxation through inflation, Greenspan argued, Congress may finally be forced...
...Lowell then sold his cloth through a few large wholesale outlets in New England. He added to his profits by selling copies of the machines he developed to make the cloth. By 1817 his business had annual sales of more than $34,000, and Lowell paid his investors a dividend...
...games of his Beanpot career--Silk had to skip his senior year to play on the Olympic team--he connected for 12 points, a total which puts him in the top-15 all-time Beanpot scorers. Of course, playing on two tourney-winning teams isn't a bad dividend either...
...wonder no longer why organized labor is losing its credibility. Larry Self, who is described as a 16-year veteran of the U.A.W. [Jan. 11], enlightens us in a few truculent words: "Why don't they [management] go to the shareholders, and tell them they are cutting the dividend rather than take it out of the hide of the workers...