Word: dividenders
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Dates: during 1990-1999
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...called a "new management philosophy" for Japanese business. In essence, he urged that companies be less aggressive in capturing markets, especially abroad. At home, he wrote, they should build a more humane and fair society by, among other things, lowering working hours, paying higher salaries to workers and increasing dividend payments to shareholders. In order to pay for all this, Morita concluded, companies may have to raise prices and abandon the market- share strategy...
...there goes the peace dividend. Oh, well. So much for domestic policy...
After months of predictions, the long-awaited peace dividend began arriving last week -- in the form of pink slips for thousands of defense workers. Connecticut-based United Technologies (1991 revenues: $21.2 billion) announced plans to slash nearly 14,000 jobs, or 7% of its work force, with more than half the cuts coming from defense and aerospace programs...
...syndrome. For two generations we lived with the expectation that if we could only end the endless twilight struggle with the Soviet Empire, if we could only turn from swords to plowshares, if we could only climb down from J.F.K.'s ramparts of freedom, life would be rosy. Peace dividend. Nuclear tranquillity. National repose. Rewards for all the sacrifices endured, for all the gratification deferred for 45 years...
...discover instead that life being life, the end of this great war no more brings the Edenic revival than did the end of World War I or II. The first effect of the peace dividend, we learn, is unemployed defense workers. Far from revival, we come home to recession...