Word: holdouts
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...French holdout left in doubt not only the date but the form and scope of any world-trade negotiations. It is still possible that a conference involving the 90 nations belonging to the General Agreement on Tariffs and Trade will be called; Mitterrand agreed that France would participate in planning for one, but laid down a string of conditions that France's partners would find difficult to meet. U.S. Secretary of State George Shultz stated U.S. eagerness to talk trade liberalization with any groups of nations, or even individual countries, that are willing to deal if a GATT conference could...
...Pelt's holdout was expensive, costing him about $100,000 in fines and missed paydays from his $ 240,000 annual salary...
...match Volcker's towering prestige. The only other name seriously considered was that of Economist Alan Greenspan, who professed himself an admirer of Volcker and vowed to continue the Fed Chairman's policies. One after another, Volcker's former critics began urging his reappointment. The last holdout, Presidential Counsellor Edwin Meese, finally came around last week. By then, the only question left was why Reagan was taking so long to announce what had become a foregone conclusion...
...would hear himself talk to a President that way. "It hurt the country," one of the men who tried to persuade him remembers. "Glenn's stand was always principled, but he clung to an issue that was not transcendental." For their part, admirers viewed Glenn's holdout as proof that he will not take refuge in a popular political position...
Hertz was the last holdout. Since October, it had a program that allowed frequent renters to build up points toward free hotel accommodations and plane trips, but the company resisted giving gifts to all comers. Says Craig Koch, a Hertz general manager: "We made an honest attempt not to get into the premium thing and to let some of our market share go for three or four months. But Avis wouldn't quit." When Avis claimed that its market share had risen six points, to 29%, Hertz jumped in, adding merchandise prizes to its travel bonuses. A customer...