Word: ownership
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Dates: during 1970-1979
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DESPITE THESE self-imposed restrictions, during twenty years the company has increased its sales from $625,000 to $5 million in a highly competitive market. This commercial success does not prove worker ownership superior to stockholder-owned companies: conventional firms have had equal or greater successes. The merit of the Commonwealth idea lies in its accomplishment of human objectives which ordinarily are given second place or ignored entirely in commercial practice...
...precedents spread with the speed of earthquake tremors. The validating of the Nonintercourse Act cracked open a floodgate that had bottled up dozens of similar Indian land suits. Last month, descendants of the 90 Wampanoag Indians who provided five deer for the first Thanksgiving feast in Plymouth contested the ownership of the entire town of Mashpee, Mass., a total of 16,000 acres of developed and undeveloped land. Within days, real estate sales stopped, building came to a halt, and supermarket sales plummeted as buyers wondered whether the courts would allow them to keep items purchased within city limits. Officials...
Bloody Fool. "I think I've been a bloody fool," admits Sir Hugh. He described the stock exchange report as fair and vowed to swear off roulette. But he has fought to stay on the company's board by threatening to put his 36% stock ownership up for sale if shareholders move against him. At parties, Fraser appears to be making a joke of the whole affair. He sang and danced two weeks ago at a gathering near his Scotland home in Drymen, Stirlingshire, and led guests in choruses of The Man Who Broke the Bank at Monte...
...long. Most of the incendiary issues of the late 1960s and early '70s would today raise but a murmur of protest among a small handful of students. Issues like Harvard's involvement with the Defense Department or its alleged connections to the Central Intelligence Agency or the University's ownership of stock in Gulf Oil pale in most student minds when compared to problems like floaters or overcrowding in the Houses. Yet, the CRR, much like the baton in a relay race, is an issue that students have passed on to freshman class after freshman class since...
...example of petropower. The Libyan Arab Foreign Bank will lend Fiat $104 million and spend an additional $311 million to buy newly issued Fiat stock and bonds. That will give the government of Libya-which was an Italian colony until the end of World War II-an immediate 10% ownership of Fiat, the world's fifth biggest automaker, and eventually perhaps 13%; the Agnelli family's controlling interest will shrink from 35% to 30%. Libyans will take two seats on Fiat's 15-man board of directors and one place on the five-man executive committee. That...