Word: firmnesses
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Dates: during 1960-1969
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McKee's executives were flabbergasted. When the company bought a 94% interest in CTIP three years ago-for $1.5 million in stock and cash-the Italian firm was in shaky condition as a result of an unprofitable project in Egypt. Since then CTIP's net worth has risen 450%, to $5,000,000. It has won important new business in Latin America, Spain and Scandinavia, and added Gulf and British Petroleum as major clients...
...employee participation in company decisions. They have brought in CISL, Italy's powerful Christian Democratic trade union, to represent them, while McKee has the backing of Italy's Confederation of Italian Industry. Somehow, McKee President Merrill Cox must figure out how to regain control of a firm whose employees are its only real assets...
...when Donaldson, Lufkin & Jenrette, an aggressive company that specializes in institutional business, needed new sources of capital to finance expansion, and announced that it was willing to quit the exchange in order to go public. Since then, Chairman Daniel J. Cullen of Walston & Co. has said that his firm will go public if the exchange approves. Members of regional exchanges have also started pressing for permission to sell stock...
...business career with important advantages: a well-known name, quite likely a college degree, and a bankroll. "The black athlete has an opportunity to get closer to capitalism than other black men," says Meredith Gourdine, a onetime Olympic long jumper who now heads his own scientific research and development firm in New Jersey. "He has been around money longer, seen how it is made and how it is used...
Yardage from Football. In addition to being a defensive end for the Boston Patriots, Melvin Witt, 23, works as a salaried consultant to Boston's Office of Human Rights and heads a small advertising and public relations firm. Erich Barnes, a Cleveland Browns defensive back, readily admits that his Barnes Enterprises, Inc., a public relations firm, has gained considerable yardage from his football background. "You can get in the door if they've heard of you," Barnes says, "and that is half the battle." Once inside, Barnes tells white businessmen that "if they want the black...