Word: holdouts
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Dates: during 1960-1969
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When it came to selecting a name for the sports car, Iacocca discarded Cougar and Turino, before settling on Mustang. A holdout until the end was Henry Ford, who wanted to call it the Thunderbird II, to borrow from the Thunderbird's prestige. Ford is not always so tractable, of course, sometimes settles arguments in his favor by simply saying: "Don't forget, my name is on the building." One such case was his insistence, after sitting in a mockup of the Mustang, that the rear-seat leg room be increased an inch. Iacocca and his men complained...
...after informal contacts among chiefs of government, unions and management. Italy and Belgium are in the process of setting up their own economic plans. Britain's Conservatives have fathered a pair of twins known as "Neddy" (National Economic Development Council) and "Nicky" (National Incomes Commission). The only major holdout to the idea of state planning is West Germany, where planning is vaguely associated with the corporate state memories of Fascism and Nazism. Economics Minister Ludwig Erhard created the German economic miracle by freeing the economy, but now even his aides believe that some state planning is inevitable...
Will to Resist. The Minneapolis experience suggests that this may be so. When the unions throttled the city's two newspaper voices, they clearly miscalculated management's means−and wil−to resist. The papers simply refused to cave in. In dealing with the holdout Teamsters, the Star and Tribune proved just as stubborn as Hoffa...
...nearly a decade, the bitterest holdout against the rush to retail trading stamps was the nation's biggest grocery chain, the Great Atlantic & Pacific Tea Co. Only last March did A. & P. reluctantly get into the game with Plaid stamps. Last week, at the company's annual meeting, President Ralph W. Burger, who two years ago condemned the stamps as a "drag on civilization," conceded that they may be good for business...
Next day, when he breezed into the Yankee office for a contract chat with General Manager Roy Hamey, perennial Holdout Mantle was the picture of noblesse oblige. He signed without protest for $82,000-the second highest salary in Yankee history (topped only by Joe DiMaggio's $100,000) and a $10,000 boost over his 1961 earnings. Then he sparred pleasantly with newsmen. Would he try to cut down on strike-outs (112 in 1961) next season? "That's been my goal for six straight years," said Mantle. "I haven't done much about...