Word: ownership
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Dates: during 1970-1979
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...means-through attractive stock options-for luring talented executives. "Now every motivation seems to have gone away. Probably 80%-90% of the over-the-counter traded companies should not be publicly held at all," says Randall Fields, a California consultant who is advising companies to return to private ownership...
...thesis for a platform, Hernández is concentrating on improving his island's troubled economy. To increase efficiency, the commonwealth is purchasing the telephone company, and to reduce high freight costs, Hernández is negotiating to buy several shipping lines and consolidate them under commonwealth ownership...
More important, the Saudis hope to complete negotiations for full ownership of the Arabian American Oil Co. Only two weeks ago they completed an interim deal that raised their ownership from 25% to 60%-a move with ironic consequences in light of their stated desire to lower prices. Under the complicated oil pricing system, the four American oil companies (Exxon, Texaco, Standard of California and Mobil) that have part-ownership of Aramco will have to "buy back" 60% of Aramco's daily output at 93% of the posted price, raising the market price of Saudi crude by about...
Anyone trying to convert the bases to civilian use must plow through a jungle of red tape. The Federal Government retains ownership of the base land and buildings until somebody else takes them over, and it reserves the right to determine the "best use" of them-a decision in which as many as eight federal agencies may get involved. Under some circumstances, the Federal Government will turn over base property free for use as parklands or airports. But if a state, local community or private company wants to use part of a base for industrial purposes, it must...
Last week Treasury Secretary William E. Simon testified to Congress that he favors lifting the 40-year ban on ownership of bullion by U.S. citizens. Nixon already has legal authority to permit Americans to own gold, and Simon said that he hoped to recommend that the President do so "before the end of the year." The prospect may please citizens who find something reassuring about the clunk of bullion in their mattresses, but owning gold is hardly the inflation-proof investment of popular mythology. Indeed, U.S. speculators will discover that the market for gold is as erratic as those...