Word: ponts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Starting two years ago, Carter's charges of "kickbacks" and "rip-offs of the American people" spread alarm far beyond the targeted oil companies. Says Irving Shapiro, chairman of Du Pont: "I regret that the President seems to have been taken in by the argument that the oil industry should be made a public villain. I have to speculate that [Media Adviser] Gerald Rafshoon told him there are votes in doing...
...most participants, the real question was: If no one can prove that bigness is bad, then why ban it? To Irving Shapiro, chairman of E.I. du Pont de Nemours, the concept amounted to "no fault antitrust." In other words, it penalized companies simply for being more successful than their competitors...
Since both the extent and the effects of industrial concentration are uncertain, most speakers favored a go-slow policy to sort out the facts before trying to enact new antitrust legislation. Said Du Pont's Shapiro: "In view of our domestic economic needs and our international competitive problems, we would do well not to go off on major, and perhaps irreversible, social experiments until there are convincing reasons...
...consequences of the energy crunch for individual companies will depend on how much they need oil. For example, nearly all of Du Pont's 1,700 products, from paint to tires, use oil as an ingredient. Says the chief executive of a major chemical manufacturer: "If anything, we have underestimated the inflationary effects of the oil price rises...
Office workers, who sit at desks in pleasant buildings, may stay on in larger numbers, but not all that much larger. Less than 15% of Du Pont's employees, both blue-collar and whitecollar, elect to keep working until they reach 65. Says Employee Benefits Manager Leonard J. Bardsley: "This trend continued through 1978 even when they knew of the change in the law." Pitney-Bowes, Inc., abolished mandatory retirement last April 1. Since then, 105 of its workers have retired on or before their 65th birthday, and only ten have chosen to keep working more than...