Word: shakeout
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Dates: during 1960-1969
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Medicare standards could be tightened to require more trained help and force other chains to follow the lead of Beverly Enterprises, whose President Christensen announced last week that he will open schools to train nursing-home personnel. Such efforts would increase costs, of course, perhaps enough to hasten the shakeout period that in any new business follows the opening era of heady growth. That would be all to the good. Investors as well as prospective patients need to know which of the chains, behind their sparkling fronts, have developed an ability to earn a profit while meeting exacting standards. Meanwhile...
...response to recent riots and dem onstrations in Cairo, President Gamal Abdel Nasser promised to reform and improve his government. Last week he began the process. In the most thor ough Cabinet shakeout since he rose to power 16 years ago, Nasser sacked twelve of his 29 ministers, including two men who symbolized the pro-West and pro-Communist factions within his regime. He was apparently willing to part with such trusted associates in or der to give his Cabinet a fresh and more nonpolitical appearance...
...they have been off it long enough-particularly commuters who have grown used to picking up magazines and paperbacks or taking home work from the office. Given the parlous financial condition of at least three Manhattan dailies, such penalties could prove too much to bear, and the long-predicted "shakeout" among New York's newspapers could come fairly soon...
...however, a contract to operate a plant cafeteria generally carries with it the right to operate cigarette, candy, coffee and soft-drink machines. To hang onto these highly lucrative concessions, the vending operators have been obliged to push ahead with hot food service. The result has been an industry shakeout so violent that in the past two years, more than 300 of the nation's 6,000 vending companies have either gone out of business or have been absorbed by emerging industry giants that have the capital and facilities to survive...
...future evolution of the industry," says nimbus-maned Lee Atwood, president of North American Aviation, "will separate the lucky from the unlucky, the thoughtful from the compulsive-the men, as it were, from the boys." A shakeout of companies is inevitable, as it has been in the maturing stages of every major U.S. industry, from autos to appliances. But for the lean and the resourceful, the sky is no limit. Says Tom Jones: "Space vehicles can and must be built, operated and maintained at a minimum cost without sacrificing performance or reliability. The race will be won by those companies...