Word: levies
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Dates: during 1960-1969
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...acquisitive conglomerates and breathless corporate mergers, San Francisco's Levi Strauss & Co. is something of an anomaly. It is a privately owned, family-controlled company that has become successful almost entirely by internal expansion. Just how successful became known only last week. Issuing the first public financial report in its 119-year history, the behemoth of blue jeans announced that it earned $12.1 million in 1968 on sales of $196.8 million. That record makes it one of the nation's half-dozen biggest apparel manufacturers...
...disclosure was prompted by a Securities and Exchange Commission requirement that large privately held firms issue such information if they have more than 500 shareholders. Levi Strauss now comes under that ruling because it has been making a growing number of its employees eligible for the company's employee stock-purchase program. About two-thirds of its stock is held by 43 family members and trusts, with the balance in the hands of 480 employees. The shareholders have benefited from expansion that has doubled sales every five years since 1945. A $3,700 investment made in Levi Strauss...
Perhaps Chicago's example cannot be applied universally. The school has a long tradition of intellectual discussion that made the vast majority of students unwilling to join the sit-in. Most of its students are in graduate and professional courses, are less subject to undergraduate enthusiasms. Levi has relegated increasing responsibility for the university's conduct to the faculty, by so doing has engaged the support of most professors. And Levi has earned ample respect by years of brilliant scholarship, educational reform and urban involvement. But his example could well be studied by other college administrators...
They came in dusty pickup trucks and rattling secondhand cars. Old women in velveteen skirts and turquoise bracelets filed nervously past young men in tight Levi's, sunglasses and cowboy boots. Trim coeds talked with old men in shabby clothes and tall black felt hats. Judged by any criterion-age, dress or deportment-the student body that recently turned up for the opening of the Navaho Community College at Many Farms, Ariz., was as varied as could be found on any campus...
...film this, Tim set up the camera by a stop sign on a small road that intersected perdendicularly with the highway. Tommy was stationed further down the road, within sight of Tim, who waved to him each time he wanted to start a take. Nora, wearing jeans and a Levi jacket, stood across the highway from Tim. Eric, near the camera, held the mike out towards the highway, and Phoebe and I leaned on the rented Dodge station wagon, parked behind the stop sign...