Word: investments
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Dates: during 1970-1979
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...month on the job, Chairman Scott, 44, took a tradition-shattering step toward revitalizing a company that long ago lost its place as the monarch of U.S. food retailing. He knew that A. & P.'s secretive, sometimes smug management had determinedly followed outmoded policies. It failed to invest in modern suburban supermarkets but held on to too many small, low-profit central city stores that seemed mustily Dickensian compared with the competition. So Scott won the board's preliminary approval to shut down fully one-third of the chain's 3,500 stores...
...earned over $300,000 last year between winning and endorsements and very few 19-year-olds in the world earn that much money. The question I was leading up to was how did this affect her life? Did she buy something that she had always wanted, did she invest it, or what did she do now that she had so much money...
Ultimately, the argument that is most likely to force the Arab govern ments to reconsider their policy of eth nic economic discrimination is that they run the risk of a backlash against the boycott when they begin to invest their oil billions in Western countries in a big way. As President Ford put it bluntly last week: "Foreign businessmen and in vestors are welcome in the United States when they are willing to conform to the principles of our society...
That agenda now includes rather minor policy matters, such as the maximum number of hours a worker should work per week, or how often to wash the aprons. But it has included items such as wages, prices and store-hours changes and whether to invest in a new air-conditioner...
...financing here, except that the chances of its producing anything at all are, its spokesmen say, "about 5 per cent." But that kind of public stance seems naive or deceptive coming from a multinational corporation with $3.5 billion in annual sales. A company like Monsanto doesn't invest up to $2.3 million unless it has some expectation of making a profit...