Word: making
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Dates: during 1940-1949
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...their $35,000 to $45,000 salaries. No, said Avery, there would be no bonus. Instead, the same amount would be given as a salary increase. Said Vice President Charles M. Odorizzi: "We'd have to stay a whole year to collect; it was a dodge to make sure he had us where he wanted...
...bank. Broker Johnston, who was elected a director, knew but was telling no one. However, the United Mine Workers had been talking for some time about buying a bank-and it made good financial sense. The welfare fund was likely to soar to $100 million and the union could make more money by putting it out in bank loans than by drawing interest on it as a deposit. But when newsmen asked Lewis if he was now a banker, all they got was a faraway look and a curt: "No comment...
...shortest railroads in the U.S. is the little Ohio & Morenci, which hauls freight 20.2 mi. from Berkey, Ohio to Morenci, Mich. About six months ago, the Ohio & Morenci petitioned the Interstate Commerce Commission for authority to go out of business: there just wasn't enough traffic to make it worthwhile...
...week stock clerk's job with Cohn-Hall-*Marx, a big textile converter. Young Jake had a knack for figures, studied nights to improve it. By 1928 he had risen to treasurer. In that year, Bankers Kidder, Peabody & Co. raised about $20 million to make Cohn-Hall-Marx the base of a textile pyramid integrating many different businesses in the cotton-rayon industry. The new giant was United Merchants & Manufacturers Inc. and Jake Schwab went in as treasurer. He stepped into the president's shoes...
When the buyers' market came, Schwab was not caught napping. Since Robert Hall Clothes buys most of its fabrics from other mills and hires other manufacturers to make most of its clothes, it could pick up goods cheaply and make bargain deals with suitmakers. Thus it could balance off the slump in its own textile operations and go after the newly price-conscious U.S. consumer. Said Jake Schwab: "We're the A. & P. of the clothing business, and that's what the business needs most right...