Word: money
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Dates: during 1960-1969
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...When individuals arrive in a city with bail money, anti-irritants and take riot training, then subsequently are struck in a police confrontation, there does not appear to be much cause for lamentation. All thinking people deplore overreaction to provocation that results in injury to bystanders, but historically, general assent to the rule of the mob has been followed by harsh repression when some semblance of order must be reinstituted...
Most top executives who switch to new companies agree with Robert Anderson, a 22-year Chrysler veteran who became president of North American Rockwell's commercial-products division last February. He calls his move "more a question of opportunity than of money." Opportunity, of course, usually beckons most strongly to those who consider themselves stymied in No. 2 jobs. A notable example is Litton Industries. With Chairman Charles B. ("Tex") Thornton, 55, and President Roy Ash, 49, showing no signs of yielding control, Litton has spawned a host of chief executives for other companies, including such "Lidos" (for Litton...
...rush to sports? To sociologists, it is a statistical commonplace that Americans not only have plenty of money to spend on their leisure but are spending it more energetically than ever before. As a result, the "leisure market" has more than doubled over the past decade, is now worth something like $32 billion a year...
...family of innkeepers, the Pritzkers rely on good managers who are paid generous stock options and bonuses to make them "think like owners." Still, the Pritzkers are skilled operators. Abram, now 72, first discovered the family touch back in the Depression, when he found that he could make more money dabbling in real estate than laboring with the law. Leaving legal chores to subordinates (among them: Arthur Goldberg), Abram tended to business. He bought into, among other things, Chicago's appliance-making Cory Corp., which he served as chairman until last year, when Hershey Foods Corp. acquired Cory...
...Money has rolled in so steadily that since 1963 Mclntire's movement has been buying Cape May real estate, including the two largest hotels and a complex of beachside houses and cottages. It now owns property there assessed at $1,500,000. The hotels are operated on a nonprofit basis. Hotelier Mclntire keeps his room rates modest (as low as $11 a day single) and his guests sober (neither hotel has a bar). His takeover in Cape May has provided a permanent headquarters for his religious movement, which he calls the Twentieth Century Reformation. A jowly six-footer with...