Word: shared
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Dates: during 1950-1959
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...Paul Scofield). In a scene of Congrevous farce, the lovers are caught by Rhodes, but con their way to freedom. Eventually, Rhodes learns the truth, and Greene suddenly, boldly reveals the decent clod beneath a fool's veneer. Unable to live without his wife, he shamelessly offers to share her with the bookseller. At play's end, Mary and Clive prepare for a cold assignation in shabby rooms, already fearing that she will inevitably and finally escape to .the warming boredom of her husband. The question: Are the lovers more guilty than the complacent cuckold? Wittily, wisely, Greene...
...comes to pressuring for contracts, he charged that the real big leaguers are in Congress itself. "Every time some Congressman wants a contract for a hometown favorite, the Pentagon is supposed to jump." Businessmen noted that Representative Santangelo himself complained that New York was not getting its fair share of contracts; the West Coast was getting all the gravy...
...independents finally fell last week, and it went to one of the strongest integrated majors. In an $810 million deal, Texaco, No. 2 U.S. producer-No. 1: Standard Oil Co. (N.J.)-and refiner, bought California's profitable Superior Oil Co., whose earnings last year totaled $39.20 a share. Superior stockholders will get 24 shares of Texaco for each share they now hold; Texaco will then absorb Superior's holdings and dissolve the company...
...Share. It also gets a prime profitmaker. Though Superior's $1,825 per-share purchase price seems very high (46 times earnings), Texaco knows that the reason is due to a curious bookkeeping quirk. Superior charges off all drilling costs in one year against overall earnings, rather than amortizing such capital expenses against individual properties over a period of years. By shifting to standard accounting, the net per share would double, and the price-earnings ratio drop to about...
...Bethlehem's President Arthur Homer received $100,000 in salary, plus $411,249 in bonus, making him the highest-paid U.S. corporate executive. For years many Bethlehem vice presidents have been paid more than presidents of larger companies. Last week Homer and the 19 other Bethlehem executives who share in the company's lush incentive plan took a drastic pay cut. As a result of a suit brought by seven minority stockholders, who complained that Bethlehem's brass is overpaid, the company proposed a new salary plan for stockholder approval July 28. If the plan had been...