Word: gm
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Dates: during 1970-1979
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...reduced he would have to go to court, and it is doubtful that the White House would permit the Justice Department to take the case. Since he has no other option, Dunlop's only hope of containing the auto-price rise appears to lie in bargaining with GM, the price leader. GM Chairman Richard Gerstenberg stated at week's end that his company's production costs have risen $200 per car and that GM has asked the COLC to approve a price increase. He did not say what he will do if Dunlop turns him down...
...their profits 39% from 1972. Both gains were the biggest in the 20-year history of the survey. Oil companies, not surprisingly, posted the largest profit gains, a median 53.3%. Exxon, while remaining second to General Motors in sales ($25.7 billion to $35.8 bil lion) passed GM by almost every other measure: profits ($2.44 billion to $2.40 billion), assets and stockholders' equity. But many other industries did almost as well: paper and wood-products makers, mining companies and textile manufacturers all registered median profit increases of more than 45%. Only nine of the 500 lost money...
...tried to explain that the US government had already made a non-trivial, indeed perhaps historic, change in its Cuban policy by allowing GM, Ford and Chrysler subsidiaries in Argentina to sell cars and trucks to Cuba. This is quite a departure from US policy of the last decade and a half. I also indicated how it may be possible to use the informal structures of the inter-American system to reincorporate Cuba in at least some international discussions in the hemisphere. Thirdly, I commented that Kissinger's speech--as reported in the newspapers (I have not yet seen...
...their few precedents, most involved proxy resolutions brought up by activist shareholders. Harvard doesn't like the idea of initiating or taking a leading role in such matters at all. The Austin Report, the January 1971 statement of a committee appointed by President Pusey after Campaign GM sparked the first wave of interest in shareholder responsibility, specifically ruled out University soliciting of proxies for socially desirable causes, leaving such action to the activists...
...competed to turn out bigger and more powerful cars, so they are now racing to beat each other to the market with new small makes. General Motors disclosed last week that it is considering bringing out new small cars in all its divisions: Chevrolet, Buick, Oldsmobile, Pontiac, even Cadillac. GM had hoped to have a Chevy Vega equipped with a Wankel rotary engine ready for unveiling in September, but experimental models have consumed too much gas, so introduction has been put off until...