Word: jointedly
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Dates: during 1950-1959
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...Teamster contracts, consorting with hoods and ruthlessly pushing around local Teamster leaders who got in his way. He teamed up with New York Racketeer Johnny Dio to discredit old-time Teamster Vice President Tom Hickey and to dethrone Martin Lacey from the presidency of the powerful New York Teamsters Joint Council 16 (some 60 locals). Hoffa succeeded ultimately: his man John O'Rourke finally became president of the council. Now Old Teamster Hickey is standing up in opposition to Hoffa's bid for the Teamsters' presidency, but not even Hickey thinks he will have a chance when...
...will be a tall, balding young Army major reporting for an assignment that promises a significant step upward in his career. The officer: Major John Sheldon Doud Eisenhower,* 35, who is the only child of the 34th President of the U.S. His new assignment: duty on the secrecy-shrouded Joint War Plans Division, in the office of the Army's Deputy Chief of Staff for Military Operations. Says one knowing old Pentagonian: "It's a training ground for people tabbed for bigger things...
CITIES SERVICE CO. will make first major effort by any U.S. company to drill for oil in Africa's promising Sahara Desert. Deal is for fifty-fifty profit split with two French companies in a joint venture to exploit Sahara's proven reserves of 3.5 billion bbl., explore for potential reserves conservatively estimated at 7 billion...
...equal partner with Italy's ENI. From any profits, the Iranian government will skim a 50% royalty off the top; then the remaining 50% will be divided equally between ENI and NIOC. In addition, ENI will ante up NIOC's initial contribution to the joint company on a "loan" basis, pump another $22,250,000 into the venture over the next twelve years...
Iranian oil law passed this month specifies that the state company must hold a 30% interest in any joint venture, assuring Iran of at least a 65% slice of the profits. Like it or not, Iran has so much promising oil land that at least two U.S. companies are now considering moving into Iran to explore under the terms...