Word: growths
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Dates: during 1970-1979
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...blue chip. If a reader had purchased TIME at a newsstand every week during the past 49 years, he would have spent $788.65. Abraham Katz of Cambridge, Mass., however, regards his subscription as more than just a bargain. "To be a part of the magazine's growth during all these years," says the 75-year-old electrical-supplies distributor, "makes me very proud." We'll be proud to serve you perpetually, Mr. Katz...
...gibes: "The Pope is telling economist jokes." Asked why he accepted the thankless job of trying to throttle inflation, he replies: "I'm 61 years old. What am I saving it for?" He is brutally frank about his chances for success. Says he: "My prediction [on the growth of the economy] isn't worth the air it rides...
...general the large companies probably will take an ever increasing share of the market, because they have the money for the extensive research, intensive promotion and building up of widespread distribution networks. The growth of cosmetics sales is expected to slow a bit, to perhaps 8% or 8.5% annually over the next few years, from 9% to 12.5% during 1976-77-78. One reason is that cosmetics companies are suffering from their own promotional success; many women now regard cosmetics as necessities to be bought all the time, rather than as luxury items to splurge on when incomes rise. That...
...things?including a few cosmetics. Bergerac helped negotiate about 100 acquisitions of companies for ITT. In 1971, at the age of 39, he was promoted to the job of running all ITT European operations from a base in Brussels. By encouraging still more acquisitions and spurring the companies' internal growth, he doubled European sales during the next three years to $5 billion. He was a prime candidate to follow Geneen as head of ITT when Revson, who realized he was dying of cancer, started a search for a successor who could bring the company professional management...
...induce Bergerac to switch companies, Revson offered him one of the lushest deals hi corporate history: a $1.5 million bonus just to sign, plus $325,000 a year guaranteed, plus some incentive payments geared to the growth of sales and profits. Last year Bergerac collected $794,000. The deal for a while caused the financial press to call Bergerac by the spectacularly inappropriate nickname of "Catfish," after Catfish Hunter, the pitcher whom the Yankees signed to another seven-figure contract at about the same time. Oddly, in Brussels, Bergerac presented himself as an American executive called Mike; back...