Word: jonesism
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Dates: during 1970-1979
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The Steiger bandwagon has infuriated Carter, but not until last week did he fight back. At his press conference, he snapped, "I will not tolerate a plan that provides huge windfalls for millionaires and two bits for the average American." Nor, he said, would he accept a watered-down version...
The Justice Department was in no mood to be bluffed, even by troubled steelmakers, and talks dragged on and on in a months-long game of high-stakes political poker. Ever since last November, steel conglomerates LTV Corp. and Lykes Corp. have argued fiercely that the only alternative to their...
The controversial decision to allow the joining of the nation's seventh (Jones & Laughlin) and eighth (Youngstown) largest steelmakers into what will become the third or fourth biggest clearly hinged on Lykes' doomsday prediction. That prophecy could have proved self-fulfilling, because customers, suppliers and creditors all began...
LTV, which also is a major aerospace manufacturer and food processor, is keeping quiet about its postmerger plans, at least until after shareholders of both companies vote in late August or early September to approve the linkup. All LTV has said is that it will not close Youngstown's...
As far as Naomi James is concerned, she needs neither the club nor Jones to make her world go round. Said she: "I've never heard of the Circumnavigators Club or of the people who are making all the fuss. It seems to be a lot of men stirring...