Word: forde
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Dates: during 1980-1989
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Reagan's great leap forward with the Chinese was actually a return to the more amicable ties established by Presidents Nixon, Ford and Carter. In his first two years in office, Reagan neglected the People's Republic and boosted arms sales to Taiwan, despite a 1982 promise by the U.S. not to do so. Taiwan, Deng warned Reagan last week, remains a "knot" in Sino-American relations...
...last ten days of April, and the industry expects a record $10 billion profit this year. It is in this atmosphere that Detroit paid out a grand total of $314 million in bonuses for 1983. General Motors paid bonuses that averaged $31,289 to 5,807 executives, while Ford gave an average of $13,372 to 6,035 managers. If shareholders agree, Chrysler plans bonuses that average $35,222 for 1,465 executives. Says Ford Chairman Philip Caldwell: "We cannot run a successful company with mediocre people. We have to offer incentives...
Peter Zaglio, an industry expert with the investment banking firm Lehman Brothers Kuhn Loeb, predicts that an end to quotas would slash auto profits by more than 50% in 1985. Ford and American Motors would suffer the worst setbacks because they have made no deals to distribute Japanese cars. Chrysler might be able to maintain its market share by selling more models from its Japanese partner, Mitsubishi. The only company to favor a removal of import curbs is General Motors, which plans to sell Suzuki and Isuzu cars through its Chevrolet dealers...
...present transition marks the first orderly passing of the baton in a number of years, Rosovsky points out. The last dean of the Faculty, John E. Dunlop, accepted a post in the Nixon Administration and left on short notice in 1973. Franklin Ford left office in 1969 at a time of turbulence, and before him, McGeorge Bundy "went to Washington very suddenly," Rosovsky notes. As far back as the '50's, Pearl Buck resigned somewhat precipitously when Nathan M. Pusey '28 became President of Harvard...
...Kokan about a joint venture last July. Love knew that the Japanese company wanted a beachhead in the U.S. In 1979 Nippon Kokan considered buying plants from Kaiser Steel, but backed out after deciding that the facilities were outdated. Last year the Japanese firm broke off negotiations to buy Ford's Rouge Steel unit, mainly because the United Auto Workers would not make wage concessions. This time Nippon Kokan did not insist on a new contract with National's steelworkers, though they make an average of $21 an hour in wages and benefits, compared with $11.60 an hour...