Word: profits
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Mindful of Chrysler Chairman Lee Iacocca's compensation of $5.5 million last year, U.A.W. negotiators came to the first meeting wearing buttons saying LEE GOT HIS. WE WANT OURS. They called for the carmaker to set up a profit-sharing plan for its 69,000 workers at 46 U.S. sites. Another issue that may complicate efforts to forge a contract before the October 15 deadline is the location of new plants. The union wants a promise from Chrysler that it will build the Liberty, a subcompact designed to compete with General Motors' Saturn, in the U.S. rather than in South...
...Administration's own federal budget for this year. It would have taken Stockman more than 26 years to earn that kind of money at his White House salary of $75,000. But the big question among publishers is: Will Stockman's The Triumph of Politics ever earn a profit on Harper & Row's huge investment, the biggest in its 168-year history...
...current fiscal year for the Central Intelligence Agency to help arm Afghanistan's anti-Soviet resistance fighters. But large amounts of military materiel purchased by the CIA and funneled through Pakistan reportedly are failing to reach the mujahedin guerrillas. Instead, for reasons that range from expediency to personal profit, arms are being appropriated, traded, sold or hidden by groups with access to the shipments. That includes Pakistan's armed forces, Afghan political parties based in Pakistan, rebel commanders and individual guerrillas...
...Afghan leaders, whose exiled political parties serve as conduits for weapons to rebel field commanders, peddle equipment for personal profit...
...market position remains insecure, and the next few months will be challenging. With a host of new models coming out and its U.S. plant just revving up, Hyundai may have a harder time maintaining quality. "They're not out of the woods yet," says J.D. Power's Parker. Dwindling profit margins are another problem. The average Hyundai car retails for 10% to 15% less than a comparable Toyota or Honda in the U.S., but with rising labor costs and a weaker dollar, Hyundai must persuade customers to pay more so that profits keep growing. Last year Hyundai's earnings edged...