Word: majority
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Dates: during 1970-1979
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...pocketbook and drive, it might overtake Ford in the next decade. GM .has the other emerging world car in its popular Chevette, and its X cars are prime candidates for world status. Estes aims to increase GM's unit sales abroad by 8% a year through 1985, making major pushes not only in Europe but also in Mexico, South America, Korea, Japan and Africa...
Last week at a breakfast in Manhattan, ten members of the Financial Women's Association, a group of successful managers, introduced themselves as qualified candidates for board membership to the heads of 30 major corporations, including General Motors, Pfizer, Kennecott Copper, Uniroyal and Mobil. Said one of the aspirants, Paula Hughes, 47, a vice president and director of Thomson McKinnon Securities: "Being on a board is the Good Housekeeping Seal of Approval. Women get on boards because they have already been on boards." Added another candidate, Ellen Berland Sachar, 37, a vice president and security analyst with Paine Webber...
...spot market with OPEC countries that will not honor their legally binding contracts. Said Clifton Garvin Jr., chairman of Exxon: "It is our belief that we should not buy oil at present high spot market prices." Others do not seem so confident. Last week Royal Dutch/Shell, a major customer of Iranian crude before the ouster of the Shah, was back in the loading queue for a new supertanker cargo at an undisclosed price...
...Each major oil company charges almost exactly the same wholesale price to all its franchised dealers. Exxon's price to its dealers throughout the U.S. varies by as little as tenths of a cent a gallon for the same grade of gas. But the wholesale price can differ drastically from company to company. In Houston, for example, Exxon sells unleaded gasoline to its service stations for 56.9? per gal. and Phillips for 65.1?, while Shell charges 61.8? for its premium unleaded. The oil companies have no control over the price at the pump. That is set by the individual...
Like a circular firing squad, people in each sector of the gasoline business point to those in the other. All the major companies have raised their wholesale prices, and there is endless debate over whether or not these increases are justified by the rising costs that the firms must pay for oil. Since early November, Exxon has boosted its wholesale price for regular gas by 4.3%, to 47.9? per gal.; Mobil has lifted its price 10% to 51.9? per gal. and Amoco 11.4% to 50.6? per gal. The service station dealers then normally pass these wholesale increases on to their...