Word: jointed
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Dates: during 1960-1969
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...tool firm that has a reputation for conservatism, decided to help rebuild the city's riot-seared Hough section. This year, its executives persuaded Robert L. Coles, a Negro machinist and aviation-mechanics teacher, to ally his limping little C & B Machine Co. with Warner & Swasey in a joint venture. Together they created the Hough Manufacturing Co., whose ten Negro workers labor over turret lathes and milling machines. Warner & Swasey invested $250,000 to buy a three-story plant and provide operating capital. Coles got 200 shares (out of 2,000) in the new firm and became its president...
...Similar joint ventures have been set up in dozens of other cities. E.G. & G., the company that triggers atom-bomb blasts for the Atomic Energy Commission, has a Negro-managed subsidiary that is building a metal-fabricating plant in Boston's Roxbury Negro district. In San Francisco, Safeway Stores has rescued a ghetto cooperative supermarket from the brink of bankruptcy, even though the store competes with a Safeway outlet ten blocks away...
...country's business, last week pulled a stunning coup. With a stealth that would have impressed Machiavelli, they gained virtual control of the biggest Italian private company, Montecatini-Edison, a widely diversified manufacturer of chemicals and many other basic products. The maneuver was accomplished through an unprecedented joint assault by the government's two largest industrial complexes, ENI and I.R.I., which between them have substantial interests in 275 firms and control all or most of Italy's steel, oil, shipbuilding, aviation and banking. The government's new stake in "Montedison," whose sales exceed $2 billion, puts...
Following the recent threat of a strike at Radcliffe, Deborah A. Batts '69, president of RUS, discussed the probable formation of a joint committee to study the priorities of Radcliffe's fund designations...
Under the new Radcliffe constitution, the decision of RUS is final. The administration's only recourse, in the event of their disapproval, is to bring the matter before a joint student and administration Judicial Review Committee...