Word: partnership
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Dates: during 1950-1959
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...partnership began in 1933, at a meeting in Sacramento. At the time, the state legislature had just passed a bill authorizing the Central Valley Project, which was conceived largely as a flood-control, irrigation and salinity-control development in Northern California. But the powerful Pacific Gas & Electricity Co. correctly foresaw that the project might become a threat to private power, and initiated a referendum to defeat it. In some alarm, State Senator Jack McColl and other Central Valley advocates called a strategy meeting and asked Whitaker, a rising young pressagent, to sit in. Also at the meeting was Leone Smith...
...Whitaker & Baxter to an annual retainer, has employed them ever since. Incorporating themselves as Campaigns, Inc., they became the acknowledged originals in the field of political public relations (they are still the world's only permanent specialists in the field). In 1938 they made it a full-time partnership by getting married, and settling down in a rambling Marin County house with a heated, kidney-shaped swimming pool...
...Young as financial consultant to Alleghany, helped plan the strategy that won his boss the Central. But barely was the Central bagged before the two fell out. According to Young, Phillips cockily anticipated a prize plum in the new Central setup; when Young instead offered to get him a partnership in a brokerage house, Phillips stalked out. Phillips, however, says he resigned because he considered Young's use of Alleghany funds in the Central fight to be "improper," although he apparently did not reach this decision until after they quarreled...
...profits before taxes. A big reason for the fat profit is the fact that the News holds a virtual monopoly in Birmingham. By 1950 it had grown so strong that it forced the Scripps-Howard Birmingham Post, now the Post-Herald, into a junior partnership. Though separately written, the Post-Herald is printed and distributed by the News...
...TIME'S Nov. 7 Letters column, Congressman Sam Coon claimed that "nonfederal interests" could participate in his partnership bill for the John Day Dam. The Congressman failed to reveal to your readers that the Rural Electric Cooperatives of Oregon, for example, have described his bill as "a scheme to turn over the rivers of the Northwest to private monopoly...