Word: ifs
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Dates: during 1970-1979
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The small saver need not keep his money in a passbook account, but he has fewer choices than large investors. If he is willing to tie up his money for a long time, he can buy four-year bank certificates linked to the Treasury note rate, now paying over 8...
Chairman John Riccardo and President Lee lacocca temporarily waived their annual salaries of $360,000 in exchange for cash or credits tied to the value of Chrysler stock. If two years from now the stock price is unchanged from the August closing average of around $8, each executive will get...
Business leaders in other fields cheer Chrysler's off-the-mat selling drive, but many oppose federal aid. True, a number agree with Zenith Chairman John Nevin, who argues, "I don't think you can casually stand aside and watch a company the size of Chrysler go down...
David Jones, chairman of Humana Inc., complains that Chrysler's previous management made bad decisions, "and now they expect somebody else to pick up the bill." Pertec Computer Chairman Ryal Poppa warns, "Soon the Government will be asking us why we complain when they want to regulate our businesses...
*The UAW last week picked General Motors as its "target" for a strike if an industry contract is not reached by the Sept. 14 deadline. Unlike the four confrontations, all of which ended in strikes, the prebargaining negotiations remained uncharacteristically restrained and calm, and prospects for a no-strike settlement...