Word: majoring
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Dates: during 1960-1969
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...with occasional time out for tennis or golf. Once he beat A.F.L.-C.I.O. President George Meany by ten strokes (80 to 90). Son of a New York Stock Exchange official, Shultz graduated from Princeton in 1942 with an honors degree in economics. During World War II, he was a major in the Marines. He earned a Ph.D. in industrial economics at M.I.T. in 1949, then joined the faculty as a professor of industrial relations. Later, he went to the University of Chicago's Graduate School of Business and became its dean in 1962. He is married to a former...
Provided that Congress approves and allocates enough money. Nixon's proposals will make some major advances toward what he called "a just marketplace." The main items, many of which Nader has been campaigning for: > Consumers for the first time will be permitted to join together in "class actions" in federal court and share the legal expenses of suing manufacturers and merchants guilty of deception. Convicted manufacturers will have to bear all legal costs and pay damages to all who sue. Nixon's proposal, however, does not go as far as Nader and others have demanded. Class-action suits...
...Last year it took over the Commonwealth Group of four funds, and this spring it started two more, including an "offshore" fund for foreigners. The acquisition of W. H. Morton & Co. and Equitable Securities has given Amexco a strong position in stock and bond underwriting. The company is a major factor in international currency transactions. Every working day the American Express International Banking Corp. buys and sells $100 million in foreign currencies for corporations and individual customers...
...other hand, Clark has been willing to suffer through initial disappointment with a business that gives signs of eventually becoming a major profit maker. He nursed the American Express credit-card operation through years of losses while Amexco was spending heavily to promote it. The company now has 3,000,000 cardholders, who charge purchases of $1.3 billion a year, and is by far the biggest factor in the field, though it is being increasingly challenged by the many cards issued by banks...
...alumni to be management consultants within Amexco. Each one studies a particular new business opportunity or competitive threat and develops a program to deal with it. By the time they are through, says Clark, "they know the company inside out," and are usually enthused about it and ready for major operating responsibility. Meanwhile they save American Express a consultant...