Word: fors
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Dates: during 1970-1979
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P.G. could spend the next 20 years just keeping his $5 billion multinational growing in the tighteningly competitive auto market. He is busy now negotiating a deal with Renault to swap Swedish shares for French capital and front-wheel technology. But Gyllenhammar has a cause beyond cars. He is going...
Gyllenhammar marvels that almost 11 million Americans have found jobs in the past three expansive years, but he worries that large legions are easily laid off when business turns down. It would be wiser, he argues, for companies not to hire so many people in good times and not to...
Since there were no takers for the school board's $124.6 million in notes, Hannon asked Mayor Byrne to provide a city guarantee for the school board's financing. The mayor, concerned about the city's own credit rating, stalled and appointed a task force of bankers...
Faced with all this, Hannon stunned the city, and the eleven-member school board, by handing in his resignation. The board had just renewed his four-year contract in September, but he was "tired," he said. He proposed a dramatic $70 million budget cut requiring the elimination of 1,700...
With Christmas looming, the shaken school system seemed to be lurching toward a payless payday for 50,000 employees. But at the last moment temporary help came-from Illinois Governor James Thompson and Mayor Byrne. The rescue package calls for $200 million in loans, guaranteed by the city, to give...