Word: shared
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Dates: during 1960-1969
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...March, Northwest revised its January proposal and offered a complex package of debentures, preferred stock and warrants, then worth about $75, for a share of Goodrich ($50). Keener, who dismissed what he called a "funny money" offer, had assembled a potent band of allies. For legal advice, he had White & Case, the Manhattan firm that masterminded American Broadcasting's successful defense against Howard Hughes last year. As investment bankers, he had First Boston Corp. To burnish Goodrich's image, Keener used three public relations firms, among them Hill & Knowlton, the world's biggest...
...much larger company, but it had also reported a first-quarter loss of $3.9 million. Recent ads pointed out that Northwest's stock had dropped from $140 in January, to 81¾ last week, with the result that Heineman's generous original package offer for one share of Goodrich was now worth about $10 less. (Goodrich stock closed last week...
...very largest companies are taking over a steadily growing share of U.S. business. FORTUNE'S annual listing of the top 500, published last week, shows that the biggest industrial companies rang up almost 64% of all industrial sales in the U.S. last year, up from 62% in 1967 and just over 55% a decade ago. In their fields the 500 employed 687 out of every 1,000 workers and accounted for 74% of total profits. Despite the tax surcharge, profits were up 13%, to $24 billion...
...University and it seems likely that the man they choose will be both a capable fund raiser and prominent in the nation's academic establishment. As a reflection of their own isolation from the University, the members of the Corporation will probably be less concerned that the new president share this community's sentiments or even that he be willing to listen to them. This selection policy seems to have been followed in the past, but Harvard's internal rumblings will be even more severe in the next twenty years if, after Pusey's retirement, it is faced with...
...Corporation; the fifth Fellow, A. L. Nickerson, is a Republican from New York City who heads the Mobil oil company. With the exception of the youngest Fellow, Hugh Calkins from Cleveland, the Fellows maintain nearly identical life-styles in a select and self-contained world. For example, they share membership in the same exclusive clubs in Boston and New York; although Samuel Eliot Morison, who wrote authoritative histories of Harvard, reported that "no religious test has ever existed for membership in the Corporation," all three Fellows whose religious ties are listed in the current Who's Who are, along with...