Word: mendoza
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Dates: during 1960-1969
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...Dividend" is the brain child of Eugenio Mendoza, 56, Venezuela's leading industrialist and philanthropist, who made a fortune in lumber, paper products, cement and construction (TIME, April 12). When Mendoza first suggested his Dividend idea several years ago, only a few businessmen warmed to it. But enthusiasm grew as far-leftist terrorists stepped up their attacks on business. "You either solve the problems of the masses," Mendoza warned, "or they solve them...
Dividend will have its own president, executives and trademark (a D crossed by an arrow); it already has a board of directors second to none in Venezuela, from Mendoza and Gustavo Vollmer (sugar mills) to Henry Lord Boulton (shipping, Avensa Airlines, wholesale food), and Jesus Calvo Lairet, president of the Banco de Comercio. Initial capital, based on projected earnings of members for 1964, is $7,000,000. More funds will be raised from UNESCO, the Alianza and other national and international loan agencies...
...money, which the companies can deduct from taxes, will go into welfare projects, community improvement, pri mary, technical and university education, teacher training, health education. The organization will also organize an Institute for the Economic and Social Development to study national needs and how to cope with them. Says Mendoza: "I believe that we are living in a deep-seated social evolution in Latin America, and that we businessmen -with all of our economic capacity and our influence - should collaborate with that evolution...
...called a "Shavio-Socratic dialogue." But Shaw could preach without becoming soporific. John Cunningham's commanding performance as Don Juan helps prevent the scene in Hell from going entirely limp. And Frank Lucas's portrayal of a civilized, romantic Lucifer is as delightfully incongruous as his depiction of Mendoza, the brigand chief...
Inevitably, Mendoza has been drawn into the maelstrom of Venezuelan politics. Last December he helped found the Venezuelan Association of Independents (A.V.I.), a group of blue-chip businessmen and professionals, which intends to fight alongside the usual political organizations on behalf of sound fiscal policies and stepped-up development. The Association took planks of fiscal orthodoxy-a balanced budget, a free-as-possible economy, safeguards for private capital-and nailed them together into a platform designed to ease the basic plight of Venezuela : that "more than half of the population do not manage to satisfy the minimum needs...