Word: pensionable
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Dates: during 1950-1959
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...manage pension and trust funds for workers have a prime problem. How can they invest the $2,500,000,000 to $3 billion that is pouring into the funds each year? Three months ago, Manhattan Realtor Louis Sachar, who heads Marshall Management Corp. and owns or has interests in 85 buildings in New York City, decided to help them with a new investment idea. He persuaded two pension funds to pool part of their cash with his organization and form a real-estate buying group with capital of $140 million. Although Sachar has kept the name of the funds secret...
...specialize in hauling new automobiles from Southern California assembly plants to dealers. Under considerable pressure from the auto manufacturers, who had ample problems of their own (see NATIONAL AFFAIRS), the auto carriers caved in quickly, met the wage demands in full, agreed to pay 5? an hour to a pension fund...
...A.F.L. Teamsters Union set out last February to renew contracts with truckers in eleven Western states, they were after many new benefits. Specifically, they demanded a three-year contract providing a pay increase of 10? an hour this year, 8? more in 1956, 8? more in 1957, plus a pension plan that truckers would finance at 10? an hour. Unexpressed was the union's plan to negotiate a master agreement to cover all trucking in the West. After three months of fruitless negotiations, the teamsters struck three big truckers (Pacific Intermountain Express, Consolidated Freightways, Pacific Motor Trucking...
...securities every year in the U.S. The report also laid out the committee's future work; a subcommittee is now investigating the way proxy fights have been run, while the committee will probe the effects on the stock market of heavy security purchases by institutional investors, e.g., banks, pension funds...
...raises in specific places and departments where they were long overdue, hoped to stir up employee initiative by loosening the tight controls imposed by Avery, e.g., allow buyers to buy-virtually impossible under Avery. He hoped to open up a new store or two, lay plans for an employee pension plan, put an end to the traditional Avery policy of secrecy with the press. To replenish Ward's ravaged top executive echelon, down to one vice president, he began setting up a new management team. In one day he named three new veeps from the ranks: Ward...