Word: macdonald
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...welter of Jargon with which Mr. Rowsey lards his second paragraph does anything but add light to the discussion of this most serious of American economic problems; and his reference to statements by labor leaders is equally deceptive. To be sure, as recently as last week-end Mr. David MacDonald called for passage of the Bill, and the A.F.L.C.I.O. Convention in Miami received the President's address on it very generously. But it was at that same Convention that Representative Wilbur Mills asked the question I discussed in my article--why workers displaced by foreign competition should receive special attention...
grocery chain and long a bitter opponent of trading stamps. With A. & P. in his pocket, Chairman MacDonald expects his company's sales to catapult from 1961's $55 million to "at least" $115 million this year. Last week, at the company's annual meeting, MacDonald confirmed plans for a three-for-one stock split and a 20% dividend increase (to 20? a year on each new share). On the strength of such giddy gains, MacDonald stock, which was first offered to the public last June at 19, stood at 86½ last week...
...entry Point. Among the stamp savers is Mrs. E.F. MacDonald, who refuses to stop at a service station that does not offer stamps, assiduously fills her books to redeem for Christmas presents. Though he himself could bring home the same premiums at wholesale cost, his wife's habit delights the Scots heart of Mac MacDonald, for whom premiums are a way of life. A rotund, robust optimist, MacDonald started his business career with a small Dayton firm selling luggage as contest prizes for salesmen. By expanding the company's premium line and concentrating on Detroit's automakers...
Last year, watching the stamp scramble mount, MacDonald began to regret his uncharacteristic 1957 decision to retreat from the field. Seeking the most effective re-entry point, he decided that A. & P. could not continue to buck the stamp trend much longer, set up the Plaid stamp plan especially for A. & P. "I went there cold," he says. But MacDonald had one overriding asset: since all the other major trading stamp distributors had already signed up with competing grocery chains, none of them were free to bid for A. & P.'s business...
Dulling the Edge? If the plan proves good for A. & P., it should be better for MacDonald. Plaid stamps already are in use in 2,700 A. & P. stores, and 15,000 other retailers have been signed up in 29 states, although, in deference to A. & P., Plaid is taking on no more grocers. Some retailers argue that the fast-spreading use of stamps is destroying their competitive appeal. "They don't give an edge any more," says one grocer. "They just let you keep up with the competition. But it will be years before...