Word: du
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Dates: during 1980-1989
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...convicted of any crime, although arrest warrants were issued in 1980 in Britain for four men, including the Lebanese American owner and the Greek skipper of the Salem. The South African government has no intention of pressing the matter. After all, explains Minister of Mineral and Energy Affairs P.T.C. Du Plessis, South Africa operates in the world petroleum market under "extremely unfavorable conditions." And besides, he contends, the buying of crude oil, even under ordinary circumstances, is "always risky...
Kodak's open-window plan is similar to the efforts launched last year by Exxon and Du Pont. Hurt by falling profits, Exxon last summer sent letters to some 30,000 employees in divisions judged to be overstaffed, promising cash payments in exchange for resignations. Supervisors warned that layoffs might become necessary if not enough people quit. The company will not disclose the terms of the deals or how many workers accepted...
...Du Pont has been much less secretive about the results of its staff-cutting drive. The company offered resignation bonuses, as well as early pension benefits for older employees, to the management staff at its Wilmington, Del., headquarters and workers at 38 of its 86 manufacturing plants nationwide. Some 18% of the 16,900 eligible employees took the money and left. Du Pont, burdened by interest payments on the $3.9 billion it borrowed to buy Conoco, estimates that the staff reductions will save the company $30 million over the next three or four years...
While Exxon, Du Pont and Kodak have offered resignation incentives to all age groups, other companies have focused on workers nearing retirement. Because these employees command the biggest salaries, their departure can generate the greatest savings. Ordinarily, workers are reluctant to retire early because they are not eligible for Social Security until age 62, and most early-retirement plans offer sharply reduced pension benefits. Now many companies are encouraging employees to leave by guaranteeing them monthly pension payments that come close to what they would have received, including Social Security, had they waited until standard retirement...
...fame. His history of detective fiction (Bloody Murder) and biographies of Poe and Dickens, among others, have won scholarly tribute. Just last year he was named a Grand Master of the Mystery Writers of America, an honor shared by only three other compatriots: Graham Greene, Eric Ambler and Daphne du Maurier. Symons' name is not so well known as theirs, but like them he can invest a plot with significance beyond its conclusion. Symons has never approached the fame of Agatha Christie, whom he succeeded in 1976 as president of Britain's Detection Club...