Word: firm
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Dates: during 1970-1979
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...declining car sales, executives felt that bad news in twelve lumps is better than the same news meted out in 36 installments. American Motors also points out that its Jeep is not included in the car sales reports, but that big sales of that "utility vehicle" helped lift the firm's profits, to $26 million, in the quarter ended last month...
...side, American Express enlisted the aid of the Lazard Frères investment banking firm, and Lazard in turn engaged Joseph Flom, a lawyer famed for his skill in fighting long delaying actions against takeovers and thus an expert on how to counteract such tactics. American Express further arranged $700 million in stand-by credits from major banks. It obviously does not need the money, but might prefer to borrow for the takeover rather than cash in some high-yielding securities...
Company fitness programs range from simply subsidizing employee membership in the local Y.M.C.A. to constructing elaborate exercise centers. The Mitre Corp., a nonprofit engineering firm, sank $10,000 into equipping the basement of its Bedford, Mass., headquarters with showers, lockers, rowing machines and weight-lifting gadgets. Xerox Corp. runs seven exercise centers; the most lavish overlooks the Potomac River at the company's International Center for Training and Management in Leesburg, Va. The $3.5 million facility includes a putting green, a soccer field, a swimming pool, two gyms, four tennis courts, two racketball courts, a weight-lifting room...
...most participants, however, a corporate fitness program is the hottest perk since the executive washroom. "I feel better and it helps my whole attitude," says Mort Roman, a manager for Atlantic Richfield in Los Angeles. Vance Foreman, chief engineer at Xerox, credits his firm's plan with cutting his hypertension medication from three pills a day to one. Says he: "Before I'd change jobs, I'd ask an employer...
...Herbert Armstrong in April 1977, may have reaped the profit from the $1.8 million sale of his Beverly Hills estate, which allegedly was maintained at church expense. The suit also raises questions about Rader's financial involvement in an ad agency, a travel agency and a book-publishing firm that sell services to the church. At a receivership hearing in Los Angeles last week, Rader won the right to look at his records -but only with the permission of a court-appointed official. Says Deputy State Attorney General Lawrence Tapper: "We've termed it letting the wolf inside...