Word: prided
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Dates: during 1970-1979
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Despite those problems, Boumedienne left Algeria a considerable legacy of pride and hope. Though he was not exactly charismatic-his first address to the nation after the 1965 coup came from a faceless voice on television while the camera focused on an empty lectern-he did become an aggressive international leader. He was among the first of the Arabs to nationalize precious natural resources. He acquired wide respect among nonaligned nations with his 1973 call for a new economic order, more equitably sharing the riches of the industrial nations with the Third World. That world, as well as Algeria, will...
Bates remembers when the club had a pool, but notes, "it was only big enough to take a splash in anyway." He says with pride that the building has been designated as a landmark by the New York Landmarks Preservation Commission, so it mayneverbe torn down or its facade destroyed. "There used to be a plaque outside, but somebody stole it for the copper," he explains...
...owned land if they agree to a settlement that busts the guidelines. Says OCAW President Alvin Grospiron angrily: "This kind of interference helps to promote strikes." An industry official in effect agrees: "The guidelines have complicated the situation because the size of the settlement has become a matter of pride with the union. A strike is now more likely...
...certainly does.not need to raise any new money from investors; it has $5 billion in cash and securities, or more than the monetary reserves of most nations. Instead, its motives appear to be pride and politics. A rising stock price confers more prestige on corporate managers than one that is just high. Despite IBM's dazzling record of sales and profit gains, its stock, adjusted for past splits, sells for a bit less than it did ten years ago. Reason: institutional and pension fund managers hold about as many IBM shares as they care to, since they want...
Still, the split represents a considerable shift in philosophy for a management that used to pride itself on having one of the highest-priced stocks around. Though IBM has declared six other splits in the past 20 years, they have been too modest (on the order of 5 for 4 or 3 for 2) to bring the price out of the stratosphere. But next year small investors are expected to seize the opportunity to buy in at Depression-era prices. As an extra inducement, IBM last week boosted dividends by $2.24 to an annual rate of $13.76 on the present...