Word: national
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Dates: during 1960-1969
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...clamorous demands of youthful activists, which have shaken the universities and unsettled the political parties, are spreading to the world of business. A new generation-confident, iconoclastic and thoroughly professional -has entered the nation's corporations. The young managers are steeped in the computer and case-history techniques of business schools, and they sometimes believe that they know more than their bosses. Older businessmen feel challenged and often bemused by what seems to be a paradoxical mixture of avarice and altruism in the corporate newcomers. The younger men, who have grown up in an era of affluence and clearly...
...their revenue. So far this year, Manhattan-based H. Hentz & Co. has closed five of its 38 branches. Blair & Co. has dismissed 45 employees, and Thomson & McKinnon has furloughed 40 employees and suspended its training program for salesmen. Last week, Francis I duPont & Co., No. 3 among the nation's retail brokerage firms, announced that it had dismissed some 200 workers and will close eight of its 111 branch offices...
...that Congress is moving at last to reform the tax code (see THE NATION), many well-used loopholes will be plugged. U.S. Trust will undoubtedly find new gaps in the law and apply them for the enrichment of company and client alike. Meanwhile, there probably will be a strong growth in what Chairman Ammidon calls "the managing of money so that its owners will be free to turn their full attention to their own businesses." Not only will troubled markets and tighter tax laws make it harder for the amateur investor to turn a profit, but many...
Sumptuous Style. Shipping last year brought Greece $243 million in foreign currency, or slightly more than the nation earned from its second-biggest industry, tourism. Some shippers estimate that earnings would rise to $500 million yearly if the military government of George Papadopoulos took steps to encourage more owners to register their ships under the Greek flag. The dictatorship has won the shipowners' enthusiastic support by moving in that direction. A recent decree exempts new Greek-flag ships from taxes until they are ten years old. Shipowners even have priority on international telephone calls; they get through from Athens...
There are still few capitalists among the U.S.'s 22 million blacks. They own only 3% of the nation's businesses - and that 3% accounts for less than 1% of U.S. business receipts. In greater Harlem, which has a population of half a million, there are fewer than 25 black-owned businesses that have more than 25 employees. Few of the important stores on 125th Street, the major artery of Harlem, are black-owned. True, more and more Negro entrepreneurs are rising, but too few have received any real help from the Nixon Administration, whose programs for black...