Word: powerful
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Dates: during 1960-1969
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Last week Aubrey returned to power. Las Vegas Financier Kirk Kerkorian, who a month ago won control of Metro-Goldwyn-Mayer, picked him to be the company's new president to replace Louis ("Bo") Polk Jr., 39, who was fired. Polk had been chosen only last January by Edgar M. Bronfman, whose 16% holding in the company was the largest until Kerkorian bought roughly a 40% share for about $100 million. (Time Inc. owns 5%.) Bronfman and one of three other directors representing his interests quit the 19-man board last week...
...called Mitchell's statistics "carefully selected but unfortunately misleading." He pointed out that the asset concentration among the top 140 companies in 1963 was the same as it had been in 1932. Geneen also contended that the real antitrust issue is the specific amount of concentration of power within an industry and that the conglomerate approach of buying into many industries does not involve that kind of concentration...
Prices continue to rise partly because the supply of houses and apartments is not adequate. The U.S. has long taken pride in being the best-housed nation in the world, but today-despite its riches and technological power-it has slipped behind the pace of almost every big country in Western Europe in construction per capita (see chart following page). Even the U.S.S.R. puts up more housing than the U.S., though the Soviets' prefabricated apartments are so cramped and shoddy that most would be unrentable to middle-class Americans. George Romney, the Secretary of Housing and Urban Development, calculates...
...POWER by Adolf A. Berle. 603 pages. Harcourt, Brace & World...
Adolf Berle's scrutiny of power began well before minority demands for Black Power, student power, etc., gave the subject its present topicality. A veteran intellectual, with special credentials in law and economics, he has been in and out of government service for more than a third of this violent century. As everything from ambassador to special consultant and Assistant Secretary of State, he watched how power was actually used in a variety of crises from the 1933 bank holiday to the Cuban missile showdown. Despite the old American distrust of all power, he believes that our current social...