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...Mattie Schultz was caught in a San Antonio market, slipping $15 worth of ham, sausage and butter into her purse, she had a simple explanation: "I was hungry. I was desperate." Mrs. Schultz, 91, subsists on $233 a month, from Social Security and her late husband's military pension. She had once saved $5,000, but all except $10 was taken from her in 1973 by a swindler. Last month, after paying her rent and utilities, she had nothing left for food...

Author: /time Magazine | Title: Americana: Ham, Sausage--and Tears | 8/13/1979 | See Source »

Labor's pension fund muscle...

Author: /time Magazine | Title: Business: New Weapon for Bashing Bosses | 7/23/1979 | See Source »

Last winter the ACTWU organized a campaign that led labor unions to threaten to withdraw more than $1 billion in pension and other funds from New York's Manufacturers Hanover bank unless it dumped two of its directors, who also held seats on the Stevens board. The bank quickly caved in and failed to renominate Stevens Chairman James D. Finley and David W. Mitchell, chairman of Avon Products. Two weeks later Mitchell, deluged with letters from union sympathizers threatening a boycott of Avon goods, also quit as a Stevens director...

Author: /time Magazine | Title: Business: New Weapon for Bashing Bosses | 7/23/1979 | See Source »

...largest in the Northwest, to recognize the union as the bargaining agent for the bank's employees. The union has persuaded labor organizations and civic groups to withdraw deposits of more than $125 million from Seafirst. It has also begun to ask other unions to take their pension funds from Seafirst's correspondent banks in an effort to get them to break their ties. Last week the AFL-CIO called for a national boycott of Seafirst by union pension-fund managers...

Author: /time Magazine | Title: Business: New Weapon for Bashing Bosses | 7/23/1979 | See Source »

...phone call at 2 in the morning in Japan to say that five of your senior employees have quit causes some soul searching. It made us realize that we needed a better pension plan and a more equitable pay structure for our employees," Eckstein said. The ordinary DRI employee will benefit from the sale, he said...

Author: By Kim Bendheim, | Title: McGraw Hill Inc. Plans to Buy Company Run by Otto Eckstein; Data Resources Stock Jumps | 7/17/1979 | See Source »

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