Word: owners
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Dates: during 1960-1969
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Carlsberg has been brewing beer since 1847 and Tuborg since 1873, but the working arrangement did not begin until 1895. By that time, Carlsberg was in difficulty: the company was selling plenty of suds to beer-loving Danes, but Owner Carl Jacobsen, son of the founder, had spent most of the profits on art acquisitions and a personal hobby of scientific experiments. Carlsberg's managers proposed a truce to Tuborg: both firms would cease such common practices as bribing bartenders or lending to clients to push their brands. Instead, both would concentrate on brewing and selling quality beer...
Cynics suggested that the Astros owed it all to the funhouse they call home. To be sure, Houston's two-year-old Astrodome is a chamber of horrors for rival ballplayers. Owner Roy Hofheinz's $31.6 million Xanadu has an outfield with the consistency of cobblestones; the infield is a bright green Chemstrand rug that ricochets grounders into the outfield like .30 cal. bullets...
...foolishly. The chain's 15 other papers are all well-established dailies in such cities as Joliet, Springfield and Elgin, ILL., and San Diego, San Pedro and Burbank, Calif. They all turn a profit, and though nominally independent, all generally stick to the conservative Republican philosophy of their owner, Jim Copley...
...Union, for all its failings, has the virtue of offering Jim Copley an outlet for that philosophy in Northern California-which promises lively newspaper competition in Sacramento, where the far stronger afternoon Sacramento Bee (circ. 177,000) has had the field to itself for years. The Bee's owner, Eleanor McClatchy, has used that position of power to back her liberal preferences, such as Pat Brown over Sam Yorty in the recent Democratic primary. Copley arrived at the Union just in time to start pushing Ronald Reagan over George Christopher in the Republican primary...
...Institute, which has no formal ties to nearby Princeton University, lives mainly off the income from a $19 million endowment given to it by New Jersey Department Store Owner Louis Bamberger and his sister, Mrs. Felix Fuld. They did so at the suggestion of Medical Education Reformer Abraham Flexner, the Institute's first director, who convinced them of "the usefulness of useless knowledge." It now has 23 permanent "professors," each of whom was selected by the vote of the other professors and who get about $24,000 for a seven-month academic year. In addition there are 100 "members...