Word: helpful
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Dates: during 1960-1969
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...will mean benefits for both companies. Hertz, with Greenebaum still in the driver's seat, will have more money to expand and keep its lead in the business. Meanwhile, having branched out from automobiles to leasing everything from construction cranes to hospital beds, Hertz may be able to help its new parent. RCA is coming on fast as a manufacturer of computers. But most customers are anxious to lease such equipment rather than to buy it. Hertz's longtime leasing experience will be handy...
...advanced on behalf of the use of alcoholic beverages," Kresge once said, "I wonder if I might not have discovered them in all these years." On those grounds, when Prohibition arrived he gave $500,000 to the Anti-Saloon League, and personally organized a National Vigilance Committee to help enforce the 18th Amendment...
...Middle East's conservatives. When Nasser-financed newspapers in Lebanon attacked Feisal, Saudi and Kuwaiti sheiks yanked $30 million out of Intra in one month. On top of that, Lebanon's three-year-old central bank fumbled its chance to prevent the crisis. Asked to help Intra, the bank stalled, then offered only feeble sums in aid, finally failed to advance promised cash on time. Worst of all, as the debacle neared, word of it leaked out from the staff...
...French government has threatened to give its own steel industry a competitive edge by granting it a $600 million low-interest modernization loan and by buying more cheap American coal. Germany says it may help its overstocked and overpriced coal industry with a straight subsidy. The Italians and the Dutch are happily selling steel from their new, competitive seaside plants wherever they...
Brokers & Fighters. Today the Rothschilds are backers of 100 major ventures as varied as the Transalpine Pipeline and the Churchill Falls Hydroelectric Project in Canada (TIME, Oct. 14); the Barings help to bankroll such clients as Britain's Courtaulds textile empire and the government of Portugal. Merchant bankers are the business world's greatest merger brokers and proxy fighters. Nobody profits more from this than London's Siegmund Warburg, German-born dollar scion of the 400-year-old banking clan, who in 1958-59 counseled Reynolds Metals in its successful fight with Alcoa for control of British...