Word: generality
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Dates: during 1970-1979
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...Their boxes come in all sizes, with the biggest the size of suitcases and the best equipped with auxiliary tape decks. The fancy status symbols of the genre- Sanyos or Sonys or JVCs- cost up to $400, but for a mere $55 a box-toter can get a General Electric tape model that comes with a shoulder strap, a 5-in. heavy magnet speaker, an automat ic program advance, a variable tone control, an eight-track cassette player and, of course, great promise: It is called Loudmouth II. To the new breed of listener, such equipment has already...
Early this week United Auto Workers President Douglas Fraser leads a phalanx of union representatives into the orange-carpeted fifth-floor conference room at General Motors headquarters in Detroit to open triennial contract negotiations with the Big Three automakers. The outcome of the most important labor negotiation of the year will significantly affect inflation and wage rates in other industries. Much will depend on Fraser, who is making his debut as chief negotiator for the 1.5-million-member union that he has headed since 1977. TIME Detroit Correspondent Michael Moritz analyzes the man whom the auto chiefs will confront...
...another slumping year for the industry. But the last year that talks were concluded without a strike was 1964, and the two sides are starting out far apart. If a settlement has not been reached by the Sept. 14 contract expiration date, the betting is that Fraser would select General Motors for a strike target rather than Ford or the financially stricken Chrysler...
...operational boss of the company. Reluctant to relinquish power, Geneen in 1975 had been given a two-year exemption from the company's policy of mandatory retirement at 65, but when he finally did step down, ostensibly to confine himself to his more general policy-making duties as board chairman, he pestered the new chief with critical memos, maneuvered to circumvent Hamilton's corporate decision making and sometimes even insulted him to his face. One source close to both recalls Geneen remarking in Hamilton's presence shortly before he stepped aside as chief executive: "1 want...
...getting some $750 million in orders over the past decade by making more than $23 million in "questionable and illicit" payments, and having "outstanding commitments" of $10 million for similar payments. Named as defendants were the company, deposed Chairman J. Thomas Kenneally, Senior Vice President Herman Frietsch, former General Counsel Raymond Hofker, former Treasurer Albert Angulo and Chief Engineer Harlan Stein. The SEC asked the court immediately to appoint an agent to take over the company's records and oversee its activities. Reason...