Word: ica
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Dates: during 1950-1959
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Jordan officials, who inspected a model pit privy set up by ICA, quickly issued a formal request through diplomatic channels, found that ICA was eager to help out. The U.S. developed a plan to furnish three-inch-thick concrete slabs in the proper design. The Jordanians would dig the necessary pits, build optional surrounding structures...
...breed of U.S. businessmen who realized that their social responsibilities ran far beyond their own companies. A man with consuming interest in virtually every area of human endeavor, he had a rare ability to translate his thoughts into action. His entry in Who's Who in Amer ica was for years the longest of all, but, unlike many joiners, he worked hard at everything he gave his name...
...cocktail aeon in the Elysian Fields, and the composers gathered at Calliope's. "Let whoever will make a nation's laws," said someone for the millionth time, "if I can make its songs." There was a silence. "Who makes Amer ica's songs these days?" asked Stephen Foster. George Gershwin removed his cigar. "No one you know," he said. "Or probably ever will." "It depends what you mean by the word song," observed Jerome Kern mildly...
Specifically, Ladejinsky was kicked out for having broken ICA's conflict-of-interest regulations by investing in a Formosan glassmaking company that had received some $600,000 in U.S. Government financing. ICA explained that Ladejinsky, while on an official mission to Formosa, gave a $3,000 check to a Chinese friend, who cashed it on the black market and bought stock in the glassmaking firm. Said ICA: "At the official rate of exchange, this check at that time would have purchaised 60 shares of stock. As a result of the higher rate of exchange obtained by this illegal transaction...
...When the agency became aware of these facts and discussed them with Mr. Ladejinsky, he freely admitted the above actions." He thus seemed in clear violation of an ICA regulation that says: "No employee may transact, have a monetary interest in, or engage in any business or profession, for profit, in the country or countries to which he is assigned, either in his own name or in the name, or through the agency, of another person...