Word: forde
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Dates: during 1980-1989
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American Motors has not shared in the recent boom times of the auto industry. While Ford, General Motors and Chrysler in the first quarter amassed large profits, AMC lost $29 million. The last thing AMC needs is what could be the world's most expensive carmaking plant, but that is just what it shoulders in Kenosha, Wis., where it makes Alliance and Encore cars. Assemblers among the factory's 5,800 workers earn an average of $13.44 an hour, vs. $13.07 in a comparable GM facility. Last week AMC's management, which wants concessions from the United Auto Workers...
...Medical Institute, the money from the sale of Hughes means being the richest charitable institution in America, outstripping the Ford Foundation's resources of $3.5 billion. For Hughes, the sale means a whole new way of doing business. Says Donald White, 53, Hughes' president: "We haven't had an involved owner. So we managed the company with a unique sort of team spirit...
Most firms interested in Hughes have refused to identify themselves. Ford Chairman Donald Petersen declines to say if his company was among the bidders, and GM Chairman Roger Smith has been just as reticent. Two companies, Allied and Signal, had been expected to bid but changed their minds and decided to merge instead...
Another President who delivered an equally big and incendiary no a few years back was also right. Jerry Ford in 1975 refused to use federal credit to help lift New York out of its fiscal mess until the city took its own action. The New York Daily News headline for that rebuff is famous: FORD TO CITY: DROP DEAD. New York did not drop dead. Instead it got mad, went to work and devised its own rescue, which a few weeks ago prompted Mayor Ed Koch to crow about New York's financial condition: "We are healthier than any other...
...provides humanitarian aid to Nicaraguan refugees in Honduras. Singlaub also gave advice and assistance to the fund-raising campaign launched by the Washington Times, which is owned by the Rev. Sun Myung Moon's Unification Church. That effort is headed by William Simon, Secretary of the Treasury in the Ford Administration...