Word: ownership
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Dates: during 1950-1959
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...started out trained in Marxist concepts, and he believed in the elimination of private ownership. He was one of those youngsters we used to call a 'Yipsol' [from Young People's Socialist League]. They could talk like hell, but they could not produce anything." But the same critical labor leader admits that Reuther is changing; he is becoming more a "bread-and-butter unionist" and less a social engineer out to "remake the world." Not that he has dropped his habit of making grandiose plans. He prepared a wartime plan to raise the sunken liner Normandie; later...
Wall Street Journal: Suppose the settlement had been on the basis of the company's proposal, which would have enabled the workers to buy bonds and Ford stock. Is a company-paid dole preferable to ownership in the company? By contrast with the Ford offer, the settlement the union demanded and got is a throwback to a darker age of labor relations. Yet, because the union leaders arbitrarily insisted on this one preconceived plan, they could not even consider alternatives that might have been far more valuable to those they represent...
Salt Lake City Tribune: Ford may be able to carry the increased load. But what of the smaller companies? A guaranteed annual wage could easily "guarantee" them right out of business. Labor must give more consideration to ownership. Profits are not guaranteed and, short of socialism, never will be. If there are no profits there will be no wages, guaranteed or otherwise...
...Tory government, while busy fighting off the Mau Mau, appointed a Royal Commission to take a long, slow look at the East African problem. Last week, in a thoroughgoing, 482-page report, the Royal Commission made one overriding recommendation: the White Highlands must be opened up to African ownership, and African land ghettoes must be done away with. As for the Africans, the commission urged them to drop their old ways of tribal land ownership, and to switch to individual or family land ownership...
...into a bonanza for all. "We have made $10 million without one dollar of risk, and I am proud of it," said Young. Countered Lehman: "Certainly there is a very grave question in my mind whether a stock can be legitimately voted by people who have not any real ownership of that stock save as there might be an equity if the market advances . . . That deal, which you described as clever, seems too clever by my old-fashioned standards." At one point, Bob Young could take it no longer. Bounding to his feet, turning to newsmen and spectators...