Word: helm
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Dates: during 1960-1969
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...powerful Northern cities. Whether by design or scruple, Kennedy indeed did change his thinking in several areas: his position on farm subsidies switched from Benson's flexible supports to down-the-line 90% of parity. His biographer, James MacGregor Burns, calls him a genuine liberal who "had the helm fixed toward port but . . . was still dragging a small anchor to starboard...
Profits Down. With lots of ships, P. & 0. also has lots of problems. This week it got a new man at the helm to cope with them. Sir Donald Anderson, 53, who started with P. & O. in 1934, took over from Sir William Currie, 75, as P. & O. chairman...
...Power pulled his biggest coup by arranging a merger with Sylvania Electric Products Inc. Sylvania's stock had a higher book value than General's, but Power picked it up in a bargain share-for-share trade, took over the helm of the merged companies. The acquisition not only gave General Telephone the scientists and engineers (3,000) that it needed for basic research, but a big manufacturing business...
...international markets since 1936. Introducing economic liberalism into France's closed economy, he made the franc convertible, hacked away at government subsidies, even persuaded French business to abandon its traditional protectionism and go wholeheartedly into the Common Market. Heartened by the knowledge that Pinay was at the helm, wealthy Frenchmen repatriated massive quantities of capital that they had secreted abroad-a phenomenon that helped restore France's foreign reserves...
Getting ready for his return, Yerxa promised no revolution: "I won't be going to New York with any panaceas or foregone conclusions." But he suggested that he would take with him what the Trib's editorial helm has sorely lacked: "The Trib does not need any more talk about what it is going to do. The thing it needs is demonstration...