Word: lambing
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...course of piling up a $50 million fortune, Ohio Businessman Edward Lamb has drifted farther and farther away from his first profession-the law. Last week, in a speech at the Harvard Business School, Lamb offered an explanation of sorts: "The importance and influence of the legal profession in the United States and elsewhere is rap idly declining." The lawyer, said sometime-Lawyer Lamb, is being supplanted in power and influence by the professional manager. "In my opinion, the American and international leaders of the future will come increasingly from our schools of business administration and less and less from...
...attorney, Lamb specialized in representing labor against management; he handled an occasional no-fee civil liberties case, and likes to say that he had "the largest nonpaying law practice in the U.S." But fact is, he made law pay well, earning as much as $200,000 a year. During the Depression of the '30s he invested in distress-priced stocks and real estate, and he prospered on the price recovery of the '40s. Finding that business was "less work and a lot more fun" than law, Lamb decided that "the way to build up a big fortune...
Americans are eating more meat than ever before, and the $14 billion meat-packing industry is patting its tummy with satisfaction. This year Americans will consume more than 32 billion Ibs. of beef, pork, veal and lamb, or 170 Ibs. per person. The meat packers are ready for the rush. The past few years have been lean ones for the industry, which suffered from inefficiency, slowness to change, and overcapacity created by allegiance to outdated methods of processing and marketing. But the meat packers have learned to adjust to a new era of supermarketing and new methods of livestock-raising...
...increase its gross margin, the meat packers' measure of profit. At the same time it has geared its buying and processing to what Americans like rather than to what is merely available. The amount of pork eaten by Americans has remained remarkably steady for 40 years, but lamb is declining everywhere except in New England, New York and Los Angeles. The real advance is in beef eating, which has risen 77% since 1940. "After all," explains Armour Chairman William Wood Prince, 50, "when a fellow takes a girl out and wants to impress her, he buys her beefsteak...
...says at last, and the word sets in train the strange and affecting tale of this strange and brilliant Italian film, the hilarious and horrifying parable of a Judas goat who innocently leads a lamb to the slaughter...