Word: knowed
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Dates: during 1950-1959
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...Globe executives temporarily to other jobs within his chain, has managed to cut his out-of-pocket strike costs to some $20,000 a month. At that rate, with a dozen other moneymaking papers in his string, Newhouse can afford to hold out indefinitely. With the guild demanding to know in advance of Newhouse's reorganization plans so it can intercede for affected members, Newhouse refuses, insists on a free hand to make operational changes for efficiency's sake. "I'm not optimistic about an agreement," said Newhouse las.t week. "The strike might...
...strike, Government officials feel just the opposite. They think that a walkout will be averted -or be no more than a token stoppage-because the public is watching the bargaining so closely. President Eisenhower is reportedly pleased with the prenegotiation squabbling, because it shows that labor and management know they are on the spot, will think twice before assuming public responsibility for an inflationary steel price rise...
...reason why charts can predict a rise, says he, is a simple one. "When the top officers know that a company has taken a turn for the better, they start buying the stock themselves, or tell their friends. This buying shows up on the chart. As a new pattern forms, it is not hard to project what the stock should...
...Chalk should know. He has run up a $10 million-plus fortune by making every dollar turn over many times-through borrowing. Son of a Russian immigrant shopkeeper, Chalk grew up in The Bronx (his neighbors were George and Ira Gershwin, and he fielded sandlot grounders batted by Lou Gehrig), rode the subways to New York University Law School ('31). With loans and his skimpy earnings as a young attorney, he bought Bronx apartments at Depression prices, later cashed in on World War II's real estate boom. Typical Chalk deal: in 1942 he bought the 16-story...
...city guarantees him an after-tax profit of 6½%. As usual, he was mum about who was putting up the bulk of his bankroll. Grinned O. Roy Chalk: "I'm a poor man -never have more than 50 bucks with me. The big thing is, I know where I can get more...