Word: ownership
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Dates: during 1960-1969
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...divisions that rend the U.S., there is at least one point of agreement between blacks and whites, Democrats and Republicans, young and old. It is that Negroes are not really part of the mainstream of American enterprise, and that they should be brought into it through the classic means: ownership of business. Richard Nixon has called for a mixture of Government loans, tax incentives, private business aid and Negro self-help to create "black capitalism." Hubert Humphrey, urging all of that but with greater emphasis on Government aid, has stumped for "black entrepreneurship." He declares that the Negro...
...allied in a major drive to help more Negroes achieve that status. They are working to equip aspiring Negro entrepreneurs with capital, business training and markets. Behind all such efforts lies the conviction that Negroes should have "a piece of the action" in U.S. business, and that broad-based ownership of business by blacks is essential to help defuse racial enmity. If the Negro is to escape from poverty and discrimination, more and more businessmen are recognizing, the U.S. must develop a Negro managerial class to lead, hire and inspire...
...bought the Enquirer. Two years later, the company also acquired the Cincinnati Times-Star and merged it with the Post. Ever since, the chain has made every effort to show that the remaining two papers were competing as lustily as they ever had under separate ownership. The Enquirer had different management, did not receive Scripps-Howard features and editorials, did not even carry the chain's lighthouse insigne...
...president and principal owner of the real estate firm of Helmsley-Spear Inc., he manages properties worth $1.5 billion by his own estimate. He also controls two rival Manhattan realty companies and personally shares in the ownership of dozens of profitable buildings, many of them operated by his own firms. Among his holdings: the Empire State Building, still the world's tallest, two high-rent Beverly Hills apartments, Brooklyn's industrial Bush Terminal and Manhattan's St. Moritz and Carlton House hotels...
...past seven years, elusive Industrialist Howard Hughes and Trans World Airlines have been tangled in a complex legal battle. The conflict dates back to late 1960, when Hughes, in return for $165 million in loans to pay for TWA's first jets, had to surrender his 78.2% ownership of the airline to a voting trust controlled by the lending banks and insurance companies...