Word: sharing
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Dates: during 1960-1969
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Soapsuds & Whitewash. Turner, who in his own lifetime was recognized as perhaps the greatest painter of his era, knew his full share of both wealth and derision. Born to a Covent Garden barber in 1775, he was admitted at 14 as a student in the Royal Academy. At 27, he was elected a full-fledged academician. The works that won him fame, however, were hardly revolutionary. During his earlier years, Turner churned out Old Testament fantasies, nymphs cavorting in arcadian glades, and historical scenarios of such newsworthy topics as the battles of Waterloo and Trafalgar...
...which runs not only the District of Columbia's highest quality fashion store, but also, as a subsidiary, Manhattan's famed Brooks Brothers. For at least six years, Hoving has tried, and failed, to take over Garfinckel & Co. Jarman recently made a tender offer of $43.50 per share for 575,000 of Gar-finckel's 1,075,000 outstanding shares. At a press conference, Jarman said that Garfinckel's was a "pretty sleepy" company, which had neglected its opportunities. "We hope to add some life," he said. He admitted that Brooks Brothers was doing all right...
...hoary rule of "fault"-the idea that a victim can collect only if he was not negligent and the defendant was. Because these issues are often hotly disputed, a deserving victim may have to haggle for years before getting his just award-and then he may have to share about one-third of it with his lawyer. The costly, complex process has been steadily boosting the price of auto insurance, but the amount paid out in accident awards remains far less than the 50? of each dollar that the insurance companies collect in premiums...
...first time, the FTC penalized a company on grounds not of local restraint of trade but of antitrust violations resulting from "national concentration." The FTC's majority reasoning was largely based on local pricing variations within National's network. In areas where National's share of the market was high, so was the markup on prices; conversely, in more competitive areas, prices were lower. In Denver, for instance, where National had acquired 64.1% of the market, the average markup was 18% of the cost of the product; in Memphis, where National had only 24.1% of the market...
...most laudable feature is "its close network of informal contacts, the ease with which people of all grades of seniority mix." This may or may not be true, but next year's Acting Master should be able not just to encourage such contact, but through his accessibility and experience share...