Word: ince
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Dates: during 1960-1969
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...Time Inc. President James A. Linen stressed his company's interest in the city of Newark. "In spite of recent problems of racial conflict and urban blight," he said, "we have been most impressed with the community's remarkable spirit and resiliency. In keeping with the Newark News's tradition of community service, we hope and believe that we can make a significant contribution to the city's growth and well-being...
...strike-leading United Steelworkers union and a subsidiary of American Metal Climax, Inc., have agreed on a new contract for A.M.C.'s huge Carteret, N.J., smelter, source of 10% of the U.S. domestic supply of refined copper. Terms: a $1.07-an-hour increase in wages, pensions, health and welfare benefits, raising hourly pay to a range of $3.11 to $4.24. It was the second settlement in three weeks. Sixth ranking Copper Range Co., which normally extracts about 6% of the nation's annual output of copper ore from its 2,000-ft.-deep mine in White Pine, Mich...
...drive, Bloomingdale has gone into a number of new fields directly related to credit. Through acquisition, he has set up National Account Systems, a group of collection agencies that handles overdue accounts for banks and retailers as well as for the club itself. Another new subsidiary is Financial Services Inc., a two-year-old data-processing firm established to provide credit checks for various businesses...
...outfit. Then he got an offer to head Cities Service, a company dominated by Oklahoma oilmen who, understandably, wanted to make their big corporation bigger. Burns took on the job, and started out to do what he thought the oilmen wanted. He tried to diversify Cities Service, acquired Fesco, Inc., a maker of molded-plastic housewares, and agreed to acquire, pending stockholder approval, Akron Equipment Co., a tire-mold manufacturer. So far so good. But Burns had also urged that Cities Service buy out Hugoton Production Co., a Kansas-based producer of natural gas, and a uranium mining and processing...
Such similarities are the gist of a provocative book by English Author Antony Jay called Management and Machiavelli (Holt, Rinehart and Winston, Inc.; $4.95). Jay, a Cambridge-educated amateur historian, has an unabashed enthusiasm for Machiavelli. As a former television writer and editor for the British Broadcasting Corp. who has become an independent television consultant in London, he is fascinated by management. "The history of General Motors over the past 50 years," he says, "is far more important than the history of Switzerland or Holland." Mixing Machiavelli and management, Jay discovers some interesting and instructive corollaries between states and corporations...