Word: railroader
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Dates: during 1950-1959
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...still enough to give it control of Bank of America. Transamerica's bank acquisitions, Evans charged, "have concentrated more economic power in one small group of men-perhaps only one man-than probably has ever happened before in the business life of our country .. . Not even the great railroad, steel, oil, tobacco or aluminum cases disclosed the existence of greater power in one organization directly to affect the economic life of so great a geographical area ... as does the record in this case." As evidence of that power, Evans cited figures: in the five-state area of California, Oregon...
...Railroad workers 4. Auto workers...
...fashioned a supply of I beams. The Koreans went out into the hills, returned with 1,500 bags of cement hidden there by the Japanese almost six years before. For forms, they used old packing crates from Tandy's supply dump. For cribbing, the Koreans borrowed thousands of railroad ties from the Andong-Taegu railway line, returned them promptly when they were through with them...
WAGES & SALARIES The Wage Stabilization Board, which violated its own 10% limit on raises by approving bigger boosts for railroad and meat-packing workers (TIME, May 28), last week punched a gaping hole in the ceiling for 1,000,000 U.S. autoworkers. It okayed a 4?-an-hour boost, for "increased productivity," in most C.I.O.-U.A.W. autoworkers' contracts. Coupled with the 3?-an-hour cost-of-living raise last month, average auto wages were now up to $1.93 an hour, 12% above WSB's January 1950 base period. WSB also ruled that the productivity increase could...
...late Frederic C. Dumaine, ironhanded boss of the New York, New Haven & Hartford Railroad, Frederic C. ("Buck") Dumaine Jr. referred to himself as "Dad's errand boy." Last week 48-year-old Buck Dumaine got a more impressive title. The New Haven's board of directors elected him to his late father's job as president and board chairman of the $429.6 million road...