Word: frozen-food
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...Basketball Robber. Donovan wasted little time putting Snyder's frozen-food fortune (Freezer Queen Foods Inc.) to work. During his first three years he drafted, and quickly signed to contracts each worth $2 million plus, Elmore Smith, McAdoo and DiGregorio. With McAdoo out of position his first year as a forward, Donovan traded Smith to the Lakers in exchange for McMillian. Subsequently, McAdoo blossomed into a topflight, mobile center. Heard, also picked up in a trade, gave the Braves the third member of a whippet-quick front line. Yet Donovan was still not satisfied. In January, "the basketball robber...
...Food processors are dropping some items because fruit and vegetable growers are demanding higher prices for their control-exempt goods, while the companies' prices for many products are often frozen at last summer's lower level. General Foods, for example, is turning away orders for some frozen-food lines, especially raspberries and strawberries. Some supermarkets are not stocking plums and tomatoes. Also, potatoes and fish sticks are already being priced off store shelves...
...Cheap "Chitlings" (not the kind you purchase at a frozen-food counter) will taste rubbery unless they are cooked long enough. How soon can you quit cooking them to eat and enjoy them? a) 15 minutes, b) eight hours, c) 24 hours, d) one week (on a low flame...
Butcher's financial talent dovetails with Seabrook's knack for curing sick companies. A Phi Beta Kappa graduate ('39) of Princeton, Seabrook first rescued his own family company, Seabrook Farms, from a disastrous slump. In 1959, when his father, now dead, sold control of the frozen-food firm, Seabrook quit as president and joined Butcher. He became president of I.U. in 1965, and of General Waterworks last year. Often his doctoring of acquisitions involves nothing more startling than sending in a financial expert to bail out a sales-minded boss. "A lot of companies are mismanaged...
Although Litton is the king of conglomerates, its Stouffer deal may smack of what Justice Douglas called "product extension." Litton is, among other things, the biggest maker of microwave ovens, and Stouffer is one of the more advanced frozen-food processors. Together, they hope, to create dishes that can be baked or broiled in record time...