Word: ponting
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Dates: during 1980-1989
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...Seagram's the critical mass of volume needed to market and distribute wines effectively." Paying off Coca-Cola will not be difficult. Seagram's plans to pay the $200 million purchase price in part with $120 million in annual dividends from its 50.3 million shares of Du Pont stock; the distiller acquired most of its 21% stake in Du Pont, now worth $2.6 billion, as a result of the 1981 battle to take over Conoco...
...major raw materials of which the U. S. does not have its own supplies. Such are rubber and tin. Such also is silk. Last week, however, the U. S. awarded Patent No. 2,130,948 to the late W. H. Carothers, former chemist for E. I. du Pont de Nemours & Co. The apparel trade, which had for some time heard rumors of the new Du Pont product under the name of Fibre 66, believed it might prove the first practical process for manufacturing synthetic silk entirely from chemicals...
...would have trouble handling relations with the board and the public and within the company. Says one board member, former Pennsylvania Governor William Scranton: "He is very possibly the brightest chief executive I've ever dealt with. But he did have some difficulty expressing himself." Yet former Du Pont Chairman Irving Shapiro, another board member, says that this has not turned out to be a problem. Says he: "The beautiful thing is that Opel has come out of his shell...
While it was getting leaner, Conrail was also getting stronger. With deregulation, it has been able to cut prices and grab business from other carriers. Last year, for example, it hauled 875 carloads of water-purification chemicals that used to travel by truck from a Du Pont plant in Delaware. Conrail also snagged a fuel-hauling contract from Lake Ontario barge operators and moved 6,583 carloads of fuel oil for the Niagara Mohawk Power Corp...
...newest prescription for curing America's economic ills is something called national industrial policy. Its advocates include labor unions, numerous Democratic politicians, a few economists and even some prominent members of the business community, including Felix Rohatyn and Du Pont Chairman Edward Jefferson. The idea comes in different forms and goes by various names. Democratic Presidential Contender Alan Cranston backs Rohatyn's proposal for a new Reconstruction Finance Corporation, patterned on the agency set up during the Depression, to loan money to needy industries. A group of five Democratic Congressmen led by Stanley Lundine of New York introduced...