Word: lowe
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Dates: during 1960-1969
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...store and a company-wide central council, a dialogue is kept going between management and "partners." The company also spends some $500,000 a year on cultural subsidies (half-price tickets to Covent Garden and the Old Vic) and such perks as clubs (30, from gardening to judo) and low-cost holidays in the company-owned Brownsea Castle at Poole Harbor...
...Difference. Sir Bernard took over in 1955, expanded operations, notably by opening 15 supermarkets, but kept to the company motto, "Never knowingly undersold." Any customer who finds an item he bought at John Lewis selling for less elsewhere can get a refund of the difference. In line with its low-price policy, John Lewis has fought retail price fixing for decades. Only last summer the company had it out with the makers of Cadbury's chocolate, and sweet-toothed Britons gleefully watched the retail price of candy crumble...
...trust in the wrong things: the rationalism of know-how, the promise of perfection through the conquest of technology. Above all, "with built-in subject mentality," he says, the Germans trust their government just because it is their government. They uncritically share its passion for order while it gives low priority to civil rights and tirelessly promotes laws to cover every possible emergency. They cannot bring themselves to the heresy of doubting the self-sufficiency of method and apparatus...
...years ago, for the Class of 1958, admission to Harvard correlated equally with academic and personal factors--that is, a student with a high academic rating and a low personal rating was about as well off as a student with a high personal rating and a low academic rating...
...same class, a boy from a suburban Boston school with low 500's on achievement tests, who spelled three words wrong in his essay, was accepted. He was not a "Harvard son," and he was not a great athlete. But his alumni interviewer called him "one of the nicest I've seen this year" and the admissions staff rated his personality...