Word: hormel
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Dates: during 1950-1959
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Roast in the Can. Low-priced canned beef will soon be put on the market by Swift, Armour and Hormel to capitalize on the recent drop in beef prices and an anticipated fall surplus of low-grade beef. The chopped-beef luncheon meat will resemble Spam, is expected to sell for 37? to 39? per 12-oz. can (v. about 47? for Spam...
Wage guarantee plans are not new. There are more than 200 in operation, most of them management-sponsored. For example, Procter & Gamble Co. guarantees employees a straight 48 weeks of work a year; Geo. A. Hormel & Co. guarantees 52 weeks a year by charging overtime in rush periods against undertime when business is slow; Nunn-Bush Shoe Co. sets wages at a fixed percentage of sales, thereby has given full employment since...
Divorced. By George A. Hormel II, 25, heir to the Hormel meat-packing fortune (Spam) founded by his grandfather: Leslie Caron, 23, French-born Hollywood dancer (Lili); after 30 months of marriage, no children; in Los Angeles...
Married. Thomas Dubois Hormel, 23, son of Meatpacker Jay Catherwood (Spam) Hormel, and an art student at Palos Verdes College in Rolling Hills, Calif.; and Simone Mostovoy, 20, onetime Parisian ballerina with the Roland Pettit Ballet; in Las Vegas...
...companies, which long ago established annual-wage plans without any prodding. As long ago as 1946, the Department of Labor counted 196 companies with plans for guaranteeing minimum employment or pay to their workers. One of the most successful of such plans is that of meat-packing George A. Hormel Co. of Austin, Minn. Started experimentally in 1931, it now covers some 8,000 employees. Milwaukee's Nunn-Bush Shoe Co. began its famed "Share-the-Production" flexible annual-wage plan in 1935, has continued it, with slight modifications, ever since. Biggest and oldest of all plans is Procter...