Word: goodyears
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...affection in executive suites, and recently there has been less love lost than ever. Reason: it is seeking to shrink some of the nation's very biggest companies. In 1972 the division asked the federal courts to order a breakup of IBM. Now it is demanding that Goodyear and Firestone, two giants of the rubber industry, get rid of enough operations to make the tire business as competitive as it was in 1959-when Goodyear accounted for 23% of sales, against 28% now, and Firestone's share was 15%, v. a current 25%. Justice Department lawyers warn that...
...last week in federal court in Cleveland, the Government accused the rubber companies of a pattern of predatory acts aimed at monopolizing the replacement-tire market. (The companies, it concedes, did not conspire with each other, but followed the same course independently.) Between 1959 and 1966, the suits allege, Goodyear and Firestone cut prices to levels that smaller competitors could not meet. When the rivals ran into financial trouble, the Government charges, the rubber giants bought them out in whole or part, took over their product lines and distribution networks-and jacked prices back up across the board. In this...
Alice was raised in sunny Phoenix, the son and grandson of ordained ministers. Since their fundamentalist sect does not allow its ministers to receive salaries, Father Ether Furnier earns his living as an engineer for Goodyear Aerospace Corp. Though the Furniers are obviously proud of their son and his success, Ether admits: "It is quite a shock when you expect to sire a gospel missionary and instead you get a rebel rock star...
...more heartening developments in this year of expiring labor contracts has been the restraint shown by big unions in their demands for pay boosts. A case in point was the settlement between the United Rubber Workers and Goodyear Tire and Rubber Co., which granted increases totaling 810 an hour over the next three years-a figure within the Administration's 5.5% Phase III guideline. But last week the fragile peace came to an end as 10,300 U.R.W. members struck B.F. Goodrich, halting work at plants in six states and shattering a long period of labor tranquillity in major...
Slim Margin. The much heralded contract between the U.R.W. and Goodyear, the largest firm in the industry, had been ratified by the narrowest possible margin in the union's executive board. Further, it was rejected by the U.R.W.'s biggest local, Akron No. 2, whose president, John Nardella, is threatening an unprecedented petition drive among rank and filers to have it rescinded. Faced with that kind of pressure, union representatives struck a tougher stance in their dealings with fourth-ranking Goodrich and refused an offer that both sides agree was somewhat more generous than the settlement with Goodyear...