Word: labor
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Dates: during 1960-1969
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Popping Bennies. For one thing, a hang-up on work. A spasmodic, frenetic editor who refused to delegate authority, Hefner used to go on "work binges," during which he would labor for as long as 72 hours at a stretch, eating practically nothing, swigging Pepsi-Colas (25 a day) and popping bennies. "I developed a tremendous tolerance for amphetamines," he says. "My weight dropped from 175 lbs. to 135 lbs. It was a way of living not well calculated to be either lengthy or pleasant. I finally woke up to the fact that I had the world by the tail...
...corporate chiefs, who have long complained of a profits squeeze, fared better in 1968 than they had any reason to expect. They were beset by rising labor and material costs, year-long predictions of imminent economic slow down and the 10% income tax surcharge. But the slowdown never materialized, and many companies managed to offset higher costs and taxes by increasing their prices and generating more sales. The results from early-reporting corporations indicate that after-tax prof its climbed by 6% from the $48 billion of 1967 and at least equaled the $51 billion record...
...When Brentano's bought Phillips," claims Ann Williams '69-2, a former Brentano clerk and a member of the labor committee, "the wage scale at Phillips was higher than it is now. Since then," she said, "they have hired new people at a lower rate of minimum wage...
Employees of the Phillips Book Store in Harvard Square and the labor committee of H-R SDS will picket the store today unless its management agrees to rehire a union organizer and to "cease further attempts to hinder formation of a union...
Phillips is presently a subsidiary of Brentano's Books, whose New York office is in control of local labor policy. Of Brentano's 25 national stores, only the New York and Boston branches are unionized...