Word: perring
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Dates: during 1960-1969
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...rather unusual for a company to declare a $55-per-share dividend. When the payout is voted by a board filled with newcomers from another company that has just acquired control, eyebrows go up all around. Last week they were raised when Manhattan-based Great American Insurance Co. decided to dip into its $300 million surplus to distribute a total of about $171 million in securities. Reason: National General Corp., a Los Angeles-based moviemaker and would-be conglomerate, recently picked up 75% control of Great American Holding Corp., the fire and casualty insurance firm's parent holding company...
...National General, voting itself the fat dividend looked like a smart move. The company waged a bitter proxy fight to get its 75%, and has offered to buy the remaining 25% at $45 per share. Before the offer was made, the stock had been selling for about half that amount. Great American certainly looked ripe for plucking. It had been losing money on insurance for at least a decade, mainly because it concentrated on personal fire and casualty policies, a competitive area plagued by rising losses. Like many other hard-pressed insurance concerns, Great American concentrated on making profits...
...years. The number of deaths has stayed nearly the same since 1963, while disabling injuries have actually been on the increase. A number of other industrial nations pay more attention to safety and have better records to show for it. British fatalities in manufacturing run only half as high per man-hour as those in the U.S. In construction, the U.S. death rate is 30 times that in Belgium and The Netherlands, 50 times that in Poland. Japan, undergoing breakneck economic expansion, has adopted a comprehensive set of job-safety regulations, which are enforced by 2,000 government inspectors...
Lately about four plays per season close on the road in this manner. This fall's big road flop was the musicalization of Bruce Jay Friedman's novel, A Mother's Kisses. Friedman did his own adaptation (on the heels of his successful off-Broadway comedy, Scuba Duba), and it closed in Baltimore...
...Barth Royer and Bobby Johnson, two experienced forwards, out for the season, and with Kanuth hobbled by a series of misfortunes. Penn's guards showed up defensive lapses in Harvard's backcourt men last Saturday and in both games (including Princeton the night before), Harvard made less than 40 per cent of its shots...