Word: ownership
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Dates: during 1970-1979
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Finely Tailored. But many sections have "special interest" items-60 at least-that benefit groups of middle-and upper-income taxpayers and, in several cases, individual companies. There is, for example, an employee stock-ownership provision written to specifications of American Telephone & Telegraph Co. Another part, liberalizing investment tax credits, would mainly benefit airlines and utilities. So finely tailored are some provisions that Senator Edward Kennedy, a reform leader, likens them to legislation for a "one-eyed, bearded man with a limp...
...surfaced, but none of them appears to be genuine. Summa conducted a worldwide search but failed to turn up a signed document. The search did, however, yield an unsigned carbon of a 1954 will, written at the time Hughes set up the medical institute and transferred to it the ownership of Hughes Aircraft, then worth about $250 million in net assets. The strategy of the Summa people seems to be to present this carbon copy to a probate court as the best available evidence of Hughes' intentions. The apparent aim is to block the legal offensive being prepared...
There is an old myth, which should have been laid to rest decades ago, that dividends flow mainly into the pockets of wealthy individuals. Actually, there has been a historic if little heralded shift in the pattern of share ownership. In terms of dollar value, nearly half of all corporate shares these days are owned by institutions such as pension funds, insurance companies, college endowments, even churches. Without even realizing it, millions of Americans rely on corporate strength for their own future security. The assurance of a retirement income, the soundness of an insurance policy, the availability of a college...
...samhället is the creation of Sweden's Social Democratic Party, now headed by Prime Minister Olof Palme, which has ruled the country (sometimes with coalition partners) for the past 44 years. Scarcely Marxist, the party long ago discarded belief in class warfare and state ownership of the means of production. Sweden's socialism has encouraged continued capitalist ownership of enterprises (90% of industry is in private hands) and private investment in new areas of production...
...your money to raise productivity, the government won't do anything against it. But if people want to consume their money, the government will keep them from doing it." The aim has been to foster what the Social Democrats call "social" rather than "antisocial" uses of ownership. This will be furthered by legislation that takes effect next year, encouraging all management decisions to be subject to collective bargaining with labor unions: not only what wages to pay but how to budget investments, allocate profits-in short, everything...