Word: outs
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Dates: during 1960-1969
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Actually, the concrete evidence of the cancer threat in cyclamates came out of a private study commissioned by Abbott Laboratories, the major manufacturer. To its credit, the company immediately brought the results to the Food and Drug Administration. The Delaney Amendment, signed in 1958, requires the FDA to brand as...
Kerkorian believes that MGM can go nowhere but up. His operating policy for the company: "Clear out the nonproductive items and keep the productive ones, and you have a successful business." MGM began last year to sell off its real estate holdings, which are scattered from Culver City, Calif., to...
Executives usually refuse to comment publicly when their companies are in court, but Harold Geneen, the combative chairman and president of ITT, spoke up only two days after the court decision. In a speech in Manhattan, he called Mitchell's statistics "carefully selected but unfortunately misleading." He pointed out...
A middle-aged executive recently got that big break-a promotion that transferred him from a branch office in Washington, D.C., to company headquarters in Manhattan. His professional leap forward sharply set back his personal standard of living. For the first time in his life, he cannot buy a house...
Shortages and soaring prices are the outcome of many forces, but the problem right now is that, as Secretary Romney notes, "housing is the first casualty of the anti-inflationary fight." By making credit scarce and costly, the Government has choked off many of the sources of mortgage funds. More...