Word: forded
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Dates: during 1980-1989
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...state dinner for 600 Chinese and American guests was one of the largest ever hosted outside the U.S. It was also the first major Western banquet not held in an embassy or a government hall. During his 1975 state visit, for example President Gerald Ford gave a Chinese banquet in Peking's Great Hall of the People. The Reagans instead chose the newly completed Great Wall Hotel. A 1,007-room glass-and-steel high-rise jointly built by Chinese and American developers, the hotel is a symbol of China's growing Western ties and its quest...
...epicenter of the protest is Detroit. At Ford, Chairman Philip Caldwell took in $1.4 million in salary and bonuses last year, compared with $445,833 in 1982. General Motors Chairman Roger B. Smith became the first official in GM history to top $1 million, receiving $1,058,000. In addition, the company paid 5,807 executives bonuses that averaged $31,289. Those gains are expected to prompt U.A.W. employees at Ford and GM to seek large increases when new contract talks begin in July. Says U.A.W. President Owen Bieber: "If these executives who are providing so well for themselves think...
...array of goodies at the top poses the hazard of a backlash among lower-echelon managers. The auto engineers at Ford, for example, traditionally the loyal core of the company, have lately taken to griping and restlessness. A major defense contractor, Drucker says, recently lost 20 prized engineers who had received only a 3% salary boost at a time when top management got a package of incentives totaling 30%. Says Drucker: "Resentment over top-management compensation is by no means confined to unions and rank-and-file employees...
...initially that the presidential entourage, including the press, be limited to 200, Chinese officials graciously upped the number to 560. Reagan will also be allowed to fly aboard Air Force One within China and to take along his own limousine and helicopter, privileges that were not accorded Nixon or Ford...
These are but a few examples of how dramatically China has changed since a U.S. President last came to visit. The China that Ronald Reagan will see bears little resemblance to the drab and sullen nation glimpsed by Richard Nixon in 1972 and Gerald Ford three years later. The giant billboards that once displayed Mao's quotations now bear gaudy advertisements for cameras, calculators and computers. The farming communes of the countryside, that ubiquitous trademark of the Maoist republic, have in effect been dismantled. Like the imposing façade of the main gate to Peking's Forbidden City, which...