Word: ribbon
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Like Schlitz, Pabst Brewing Co. has fallen on hard times. In 1959 the nearly bankrupt brewery decided to cut the price of Pabst Blue Ribbon to attract more customers. The strategy produced quick sales but eventually undermined Pabst's image. Between 1976 and 1981, sales of Pabst Blue Ribbon dropped from about 16 million bbl. to 9.6 million...
Often Bechtel's blue-ribbon executives are in a position to provide insights and spot opportunities that give the company a jump on its competitors. For example, last week Company Chairman Stephen Bechtel Jr. recalled that ex-CIA Chief Richard Helms, a Bechtel consultant, was able to help it head off potential losses in Iran in the late 1970s...
...psychological war with the martial-law regime. After pioneering the newswalk, Swidnik residents disrupted plans for a local May Day parade by announcing that they were going to show up barefoot. Many Poles with a flair for the dramatic still dress in black, or at least wear a black ribbon, as a sign of national mourning over freedom lost. Others flaunt plastic badges of the Black Madonna of Czestochowa, the religious emblem associated with imprisoned Solidarity Leader Lech Walesa. To show they have not lost their sense of black humor, still others express resistance to martial law by quite literally...
...hasty effort to forestall federal policing of the market, the Association of Primary Dealers in U.S. Government Securities, whose 36 members include such blue-ribbon financial firms as Bankers Trust Co., Morgan Stanley & Co. Inc. and Goldman, Sachs & Co., last week started working on some overdue ways to self-regulate their business. One proposed rule, which will probably be quickly adopted, will require that all repurchase transactions involving members must take into account accrued interest on the security. Said Association President Allan Rogers of Bankers Trust of the new rule: "Most people have favored it for a long time." Better...
...have around here." Democratic Senator James Sasser of Tennessee believes that "it might well be the dominant issue in this fall's campaigns." Even last week Senate Republicans were pitted against House Republicans, to the glee of their Democratic adversaries, and a meeting of a blue-ribbon presidential commission degenerated into a partisan shouting match...