Word: ownership
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Dates: during 1970-1979
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...additional 300 of the spaces would be owned by private buildings above the parking facilities, McSweeney said. Another 200 would have shared public-private ownership, he added...
Only the stock purchase is likely to be controversial: although federal law permits foreign investors to own up to 25% of a U.S. airline, the CAB must determine whether ownership of 10% or more is in the public interest. Pan Am's current management will have to prove to the CAB that it will still make the decisions, even if Iran becomes by far the largest single stockholder. "It was very clear from the beginning that Iran did not want control of Pan Am," says George Ball, the senior managing director of Lehman Brothers and former U.S. Under Secretary...
...election. A stroke in 1974 required an operation and three months of convalescence. Seven top members of his machine, including his right-hand man Alderman Thomas Keane, have been convicted for using their offices for private gain. Questions of propriety have been raised over the mayor's secret ownership with his wife of a real estate company with assets of about $200,000. He has been criticized for influencing the placement of millions of dollars' worth of city insurance with a firm that employed one of his sons. Partly as a result of these blows, three opponents...
Stephen Thornton, president of the Massachusetts Council of Sportsmen, said handgun ownership is part of "the American independent spirit...
...with foreigners. Still, most observers feel that neither the White House nor the Civil Aeronautics Board will block the deal. This could change if Iran decides to seek some equity in the firm; in any event, it cannot be more than 25%-the limit set by law on foreign ownership of U.S. airlines. In some ways Washington may be secretly delighted with the Shah's offer of cash. Because of it, American bankers will probably renew their lines of credit to Pan Am when they come due; without the Shah's money, the likely alternative...