Word: jeweler
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Once they were the crown jewel of professional sport, a franchise whose very name was synonymous with big league success. But over the years, an archaic ballpark, a deteriorating neighborhood, and a roster of mediocre players have considerably dulled the sparkle of the New York Yankees. Last week the team's owners, the Columbia Broadcasting System, cut their losses by selling the Bronx Bombers for the modest sum of $10 million cash to a syndicate headed by Yankee President and CBS Executive Michael Burke...
...Nixon effort to have a forward-looking second term. Yale Law Professor Robert Bork, a critic of the Warren Court and a key man in developing Nixon's busing position, was named Solicitor General. The only woman and the only black to be appointed so far is Jewel Lafontant, a member of the U.S. delegation to the United Nations, who will become Deputy Solicitor General. White House Press Secretary Ronald Ziegler insists that she was chosen for the same reasons as others. "We will absolutely not appoint people for the purpose of tokenism," he said. "No one benefits from...
...week was illustrated with color pictures of dragon-teethed drilling bits -the applicant's main product. It might have been just one of dozens of similar documents submitted by firms before their stock can be sold to the public -except for the name. The Hughes Tool Co., crown jewel of the Howard Hughes financial empire, was up for sale. Hughes inherited Toolco in 1924 at the age of 18 from his father, who had invented a triple-headed conical drilling bit that revolutionized the oil-drilling business. The company became the cornerstone upon which the ambitious young Hughes built...
...venture rumored to be in the offing. Last July, he bought 25% of the stock of Nicaraguan Airlines, apparently with the intention of developing an international air-cargo enterprise from a base in Managua. If so, the financial phantom may only be exchanging his long-coveted crown jewel for an old love, aviation...
...roster of women on big corporate boards also includes Chicago Lawyer Jewel Stradford Lafontant, a director of TWA and the Jewel Cos. grocery chain; and Girl Scouts Executive Director Cecily Cannan Selby, who is on the Avon and RCA boards. Last week Metropolitan Life Insurance named Barnard College President Martha E. Peterson for a directorship. They and other women who join boards are acquiring power in two ways. Aside from gaining the prestige and authority that have always gone with the job, directors of all companies today are being forced to take more active roles in company decisions. In several...