Word: forfeiting
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Dates: during 1960-1969
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...remarkable strengths of General Motors Corp. is its ability to hang on to key men through a system based on tradition, hefty salaries, and stratospheric but delayed bonuses subject to costly forfeit if a man quits. Automen were understandably astonished two weeks ago when Semon Emil ("Bunkie") Knudsen, G.M.'s fourth-ranking officer, abruptly resigned as executive vice president and a company director. Even more stunning was last week's announcement that Knudsen had become the new president of Ford Motor Co., G.M.'s archrival in one of the toughest competitions private enterprise has yet produced...
United Press International reported that Cornell might be forced to forfeit all its games in which McGuinn appeared, but Harvard sources consider such a move unlikely...
Penn bounced back from an 18-1 Cornell obliteration and its forfeit at Yale to register its initial Ivy League success. 4-3 in overtime against Dartmouth last weekend. But the Quakers should still provide an easy warmup--perhaps too easy--for Harvard...
Included among the trade-off victories were two consecutive forfeited bouts, one to each school. At 137, Harvard's Bruce Goodman suffered a dislocated elbow in the third period of his match with Jack Wu. But the five points M.I.T. received for that match had hardly been tallied on the score board when M.I.T.'s Jack Maxham, at 145, dislocated his knee. It meant a first-period forfeit victory to Harvard's Jeff Seder, and a matching five points for the Crimson in the team score...
...pressures on a young Soviet writer these days are subtle. If he presumes to criticize the regime, even in private, a writer may forfeit his job and his chances for promotion, or the possible publication of his work (all the publishing houses are state-owned). If he cooperates, he may win appointment to the board of a prestigious journal or get a luxury apartment in the Moscow suburbs. Though the regime has made dissent highly unprofitable, many of the younger writers still seem to feel that the price of resistance is indeed well worth paying...