Word: largest
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Dates: during 1970-1979
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With the rise of the major newspaper chains, the press followed the rest of America into the embrace of large corporate organization. Today The New York Times and The Washington Post are among the nation's 250 largest corporations, with interests going beyond the publications. Time is part of the even larger Time-Life Inc., a publishing empire of international proportions. In each case, the company's financial viability rests on the sum profitability of its enterprises, not simply the relative success, failure, or intrinsic merit of the publication. The company naturally comes to view its publication in more profit...
...toothache, see a dentist; if it's a pain in your taxes, come to me." With that crude but compelling slogan, Mogens Glistrup, Denmark's premier tax-dodge artist and maverick politician, not only made himself a millionaire but also built the country's second largest party, which now holds 26 of the 179 seats in parliament. Last week, after a 3½-year trial, a Copenhagen court found him guilty on a host of charges involving fraud and tax evasion and directed him to pay $880,000 in fines and back taxes. Glistrup's chief...
...White House has become involved in a maneuver to oust yet another top-level holdover Republican appointee. He is Oakley Hunter, chosen by Richard Nixon as chairman of the Federal National Mortgage Association, known as Fannie Mae, the nation's largest provider of housing finance. As boss of Fannie Mae, Hunter has been feuding with Patricia Harris, Secretary of Housing and Urban Development. Largely to appease her, the White House acted last week on a HUD memo urging that an emissary be chosen to end the quarrel, perhaps by bringing about Hunter's "voluntary resignation." The memo named...
Last week Lance got into a new battle. He had been dealing to buy control of Financial General Bankshares Inc., the second largest bank holding company in Washington, D.C.; with assets of $2.2 billion, it controls the Union First National Bank of Washington and close to a dozen other banks in Maryland and Virginia. At a meeting set up by Armand Hammer, who is chairman of Occidental Petroleum and a Financial General board member, Lance told the bank's senior officers he was acting for the London-based Bank of Credit & Commerce International, which specializes in managing Arab funds...
...largest number of departures this semester were at South and Leverett Houses, which lost 18 and 10 students, respectively...