Word: gm
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Dates: during 1970-1979
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...bomb threatens the U.S. economy. Its fuse may now seem comfortably long, but it is indisputably burning. The toughest issue in the negotiations for a new contract between General Motors and the auto workers was not demands for more pay for the U.A.W.'s 460,000 workers on GM's pay roll, but for increased benefits for its fast-growing legion of retired employees. A big reason why policymakers in Washington are agonizing heavily over Chrysler's petition for federal help is the stark fact that if the company were to close down, the nearly $1 billion...
...This year the union fought for another breakthrough that would tie pension benefits to the cost of living, a plum common to public employees but still almost unknown in the private sector. But the pension burden for even the giant automakers is heavy and growing. Total pension expenses for GM were $1.3 billion last year, up from $329 million...
...Excellent!" beamed Douglas Fraser, the United Auto Workers chief. "A credit to to both parties," said a General Motors negotiator. Both were praising a rare peaceful settlement, arrived at in a final flurry of horse trading at GM's imposing stone headquarters in Detroit just 4½ hours before a strike deadline. For the first time in 15 years, the autoworkers had reached a tentative contract agreement without going on a national strike. The three-year pact was concluded with GM but sets the pattern for the industry and covers 780,000 workers...
...Govemment $246,914,156 2. IBM $74,109,498 3. Ford $55,562,975 4. Mobil $53,036,556 5. Exxon $41,937,361 6. Quebec Hydro-Electric $31,354,629 7. GM $30,614,761 8. Eastman Kodak $26,824,948 9. Continental Oil $22,064,320 10. General Reinsurance...
...Harvard's Ten Favorites 1977-1978 1. U.S. Govemment $172,948,919 2. IBM $69,514,352 3. ATT $57,159,868 4. GM $43,177,075 5. Exxon $36,149,488 6. Schlumberger, Ltd. $28,412,199 7. General Reinsurance $24,090,120 8. Quebec Hydro-Electric $23,873,934 9. Standard Oil, California $20,912,364 10. Mobil...