Word: money
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Dates: during 1960-1969
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...street youths, who were paid $70 per week, seemed to understand their responsibility too. "Listen, man," one said, "the money ain't the only reason I'm doing this job. I'm doing something to teach 'the man.' He come in here all cocksure about the ghetto. These guys don't know nothing except their two cars and sweet life. I'm showing 'em where it's at. If they don't catch it today, they never going...
...comptroller of Boston's Eastern Gas and Fuel Associates, agrees. He earns $17,000 and intends to be making $45,000 by the time he is 35. George Woodland, vice president of Milwaukee's Rex Chainbelt Corp., complains: "A lot of these kids are looking at money and not relating it to what they contribute...
Many young managers, finding that they can get more and more money and responsibility by changing jobs, do so with startling frequency. Dr. Edgar Schein of the M.I.T. Sloan School of Management estimates that companies lose half of their new college graduates within the first three to five years of employment. Graduates of 15 years ago often regarded a job, like a marriage, as being for life; today's young men are more inclined to equate it with an affair-good until something more fetching comes along. George Robbins, dean of U.C.L.A.'s Graduate School of Business Administration...
...Money Wanted. Last week the two firms that handle almost all of the odd-lot trading on the New York Stock Exchange agreed to join forces as "a matter of economic necessity." De Coppet & Doremus and Carlisle & Jacquelin said that their decision was forced by in creasing costs plus dwindling odd-lot trading, which now amounts to less than 10.7% of the Big Board's volume. Other merger plans have undoubtedly been hastened by the tendency of small investors in a declining market to with draw from direct trading and turn their business over to mutual funds and other...
...schedule and the penalty rises to 30% on "fails" that go 60 days or more uncorrected. Some firms have been forced to borrow to satisfy this requirement, and high interest charges eat further into profits. For Philadelphia's Drexel Harriman Ripley, Inc., for example, interest paid on borrowed money amounted to 13% of gross revenues in the first half...