Word: firm
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Dates: during 1960-1969
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...military had already been long at work on upgrading South Vietnamese forces. But the enemy's winter offensive was soon in progress. When the attacks abated somewhat, firm plans could be made to begin supplanting American troops with South Vietnamese...
...tapes were presented by the district attorney in connection with extortion-conspiracy charges against Simone Rizzo ("Sam the Plumber") De-Cavalcante, a New Jersey Mafia leader. The FBI had bugged four mob hangouts in New Jersey and Pennsylvania, including the office of DeCavalcante's Kenilworth, N.J., plumbing-supply firm...
...sold a 35% interest in his family-owned Barreiros Diesel S.A. to Chrysler Corp., and the company started producing Dodge Darts and French Simcas in Spain. "There are no better business partners than the Americans," he said. Today he thinks differently. He has quit as president of the firm because, although the deal greatly increased his wealth, he sank in a few years from Spain's No. 1 industrialist to a junior partner of the Americans...
...Barreiros is more than one of the country's wealthiest men; he is a legend, having parlayed a shabby mechanic's shop on the road to Andalusia outside Madrid into one of the largest private corporations in Spain. Editorialized Madrid's daily ABC: "The most prestigious firm of the Spanish motor industry has ended up as one more factory of an international capitalist organization for which Spain's interests matter little." Other newspapers accused the U.S. of "colonialism" and "economic imperialism...
Pride v. Efficiency. Actually, Barreiros had had little control of the firm for some time. After the first disap pointing year of partnership, when car output was barely half of his overly optimistic goal of 92,000, Chrysler invested another $20.5 million to save the enterprise from caving in. In 1967, Chrysler raised its interest in the company to 77%. Barreiros was still president-and his brothers Valeriano, Graciliano and Celso were all members of the management group-but his family had only a minority voice. Unmistakably, Chrysler then started running the company through its own efficiency-minded...