Word: salesmen
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...possible to avoid many taxes in an entirely legal way. A case in point is Premier Jacques Chaban-Delmas, who by taking full advantage of his lawful deductions paid no taxes from 1966 to 1969 (TIME, Feb. 28). Deductions of 20% to 30% are allowed journalists, pilots, car salesmen, life insurance inspectors, dancers, singers, musicians, chauffeurs and hat designers, compared with 5% to 10% permitted printers or coal miners. The generous deductions that France allows for children are not taken from income but from tax payable. "That is one reason rich industrialists in northern France often have eight...
Since consumer goods are scarce at home, Russian tourists are always bent on shopping. However eager to please, Saks Fifth Avenue is bound to be stumped by requests for "a ladies' worsted-nylon swimming pants." Salesmen at sporting goods stores will be equally bemused by: "Do you suggest a gun with a rubber or spring sear?" And how are the stylists at a beauty salon to comply with such requests as "make me a hair-dress," "sprinkle my head," or, God forbid, "I want my hair frizzled...
Levi Strauss is also working to upgrade some office jobs that are now held by women. In the past year, 15 secretaries have been raised to administrative assistants-and not in name only. They allocate department budgets, make periodic changes in the size of salesmen's territories and investigate the causes of canceled orders. Indeed, top management reasons that many executives can do without secretaries; some are being phased out by promotion or attrition. The company has also liberalized its maternity-leave policy. In the past, women who left had no guarantee that they would get their jobs back...
Bunched Low. The company, which employs 18,000 people in 35 plants, began to study a year ago how its women were treated. It found that most women were bunched into the lowest-paying jobs as secretaries, patternmakers, stencilers. Most men were in the better paid posts as salesmen or cloth cutters. Though 85% of the company's employees were women, only 9% of the 572 managers were women. Says Sharon Weiner, who heads Levi Strauss's "Affirmative Action Program for Women": "When a woman came to the door for a job, she was told only about those...
Like other mutual funds, the no-loads pool cash from small investors into a big kitty and invest it in stocks. The distinction is that they dispense not only with expensive salesmen but with the "load," or sales commission, that regular mutual funds charge; such loads usually run about $8.50 for each $100 invested. By contrast, a no-load fund charges only a management fee of 50? per $100 or less. The no-loads depend upon newspaper ads that invite potential investors to write or telephone for a prospectus, plus word-of-mouth recommendations...