Word: ownership
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Dates: during 1960-1969
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...Stake in Stock. Like any wise intruder, Sears staffs its stores with natives: 99.3% of its employees are Latin Americans, including almost all store managers. The company offers a share in stock ownership as well as jobs. In Venezuela, for example, employees through profit sharing have accumulated a 17% stake in the local subsidiary. Because Latin American countries have prohibitive import barriers. Sears buys 80% of its merchandise from 9,000 native manufacturers, who produce such goods as refrigerators, washing machines and blue jeans. Sears's local purchasing program amounts to a private Alliance for Progress that has made...
...KENYA Working under the Ministry of Lands and Settlement, Volunteers will work as Land Settlement Officers or assistants, helping in the program of transferring a million acres of land from European to African ownership, and the development and operation of cooperatives...
...York State Supreme Court to enjoin publication. The book invaded her privacy, she said, and it violated the confidential relationship that existed between Hotch and Papa. But her main argument was that it appropriated her literary property. The law holds that the author of a letter maintains ownership of its contents, and Mary claimed that her husband's estate, of which she is both executrix and beneficiary, maintained ownership of the material Hotchner had used in his book...
...most. They are Food Minister Subramaniam, Defense Minister Chaven and Economist Asoka Mehta. Like her, they are all Socialists, but in 18 years of experience, they have seen that socialism is not always a cure, and is sometimes a curse for India's problems. By inclination, Indira prefers public ownership of plants, but her chief economic adviser, Asoka Mehta, is fully aware that government-owned factories have proved to be far less efficient than private enterprise in India. Indira is apt to be very wary of foreign investment in India, but Food Minister Subramaniam realizes India's desperate need...
...Alfried Felix Alwyn Krupp von Bohlen und Halbach, 58, fifth-generation ruler of the Krupp empire, last week's dilution of ownership, no matter how tiny, could only signify changing times in a life that has seen many changes. When Krupp succeeded to his family's industrial throne in 1943, the word Krupp was synonymous with armaments. The Krupp plants produced the weapons that helped Hitler ravage Europe; by the end of World War II most of the Krupp factories lay in ruins, pounded into rubble by Allied bombers, and Alfried Krupp himself was sentenced to twelve years...