Word: millions
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Dates: during 1960-1969
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...product of this effort has been the compilation of an inventory of the many community-related programs now being conducted by the various faculties of the University. It is an impressive list of 160 different projects, amounting to an annual expenditure of more than $12 million. Since the information had never before been made available, it may at least serve the purpose of letting one part of the University know what other parts are doing in the field. Hopefully better coordinated and more effective programs may result. But together the inventory and the committee's report, both of which...
...public-relations broadsides at each other, Vogüé dropped Saint-Gobain's traditional secrecy about company finances and prospects and wooed its long-ignored and meagerly rewarded stockholders with good news. He promised a 25% stock dividend and predicted that profits would double by 1971 to $50 million. His unprecedented Sunday open house drew tens of thousands of fascinated Frenchmen to S-G plants all over France...
...connections abroad. As soon as BSN announced its bid, Vogüé's allies started buying Saint-Gobain stock. In five weeks, some 4,600,000 Saint-Gobain shares changed hands at prices that climbed all the way to $48. Vogüé's "friends" paid $180 million for 3,500,000 shares, bringing their holdings to 42% of the company's stock, more than enough to assure Vogüé's continued control...
...Mind. Stone is the founder, president and chairman of Combined Insurance Co. of America, which has assets of $142 million, and he estimates his personal wealth at more than $400 million. A high school dropout, he says that he owes everything to a "Positive Mental Attitude"-which he usually abbreviates as P.M.A. At Combined Insurance, P.M.A. is the company way. The chairman's sayings are reverently quoted in company literature and at conferences. Some favorites: "Whatever the mind of man can conceive and believe, the mind can achieve," and "With every disadvantage there's an equivalent advantage." P.M.A...
...Little Giant. For all the P.M A. theatricals, Combined Insurance is efficiently run and rapidly growing. In 1967, it earned $19 million on $130-million-worth of premiums, largely by tapping a part of the market that most other insurers have overlooked. Stone developed the low-cost Little Giant health and accident policies that are sold without a medical examination or credit check, mostly to shopkeepers and employees of firms without disability income plans. For a $3 annual premium, the policy pays disability benefits of $15 a week for 15 weeks; most customers buy two or more policies. Sales...