Word: harold
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Loss of the station loosed a flood of red ink. In a recent letter to stockholders, President Harold Clancy said: "Our newspaper property generates substantial cash losses that cannot be supported in its present form by our remaining resources." Large stockholders who live outside Boston and hold a controlling interest are understood to favor liquidation. Local shareholders want to keep the paper going. Through layoffs and early retirements, the Herald is reducing the staff by 150. "We are exploring many alternatives," says Clancy...
...more ways than the obvious visual ones, The New Yorker since its founding in 1925 has seemed almost immune to dramatic change. It has had only two editors in those 47 years, Harold Ross and the man who took over after Ross's death in 1951, William Shawn. The devotion to low-key fiction and gentlemanly criticism has persisted, as have the horse-racing column and such self-mocking images as Eustace Tilly and an imaginary correspondent called "The Long-Winded Lady...
...part it was because inflation during the last two quarters of 1971, which cover the period of Nixon's freeze, was held to the abnormally low rate of 2% or so. Thus some of the price increases early this year were onetime catch-up measures. Assistant Commerce Secretary Harold Passer predicted that inflation during the second quarter would show only a 4% gain and then "taper off." His forecast gained considerable credence when the March consumer price index appeared. For the first time in more than five years, store prices showed no increase above those of the previous month...
When it was written several months ago, International Telephone and Telegraph seemed the beau ideal of corporate success: under the twelve-year reign of Chairman and President Harold Sydney Geneen, it had run up a dazzling profit-growth record by expanding into almost every conceivable business in some 80 countries round the world. But by the time the report was issued in March, ITT was enmeshed in a series of controversies that have seriously undermined its "public acceptance." Indeed, they have provided a case history of the perils of relationships-for both sides -between big multinational corporations and Government...
...Europe and Latin America, where much of ITT's business consists of selling communications equipment to state-owned telephone systems, the emphasis is on cultivating government officials. Latin American public relations are headed by Harold ("Hal") Hendrix, a onetime Scripps-Howard newsman who won a Pulitzer Prize for his disclosure of the Soviet missile buildup in Cuba, and has close ties with the Central Intelligence Agency. Columnist Jack Anderson's revelations of ITT's involvement in Chile's politics are based on memos written largely by Hendrix and Robert Berrellez, a former Associated Press reporter...