Word: sharing
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Dates: during 1960-1969
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...boosted Merck's research spending to new highs, at the same time in his nine years as president managed to almost triple company profits, from $13 million to $36 million. His salary at Merck is $129,800 a year. He holds 21,000 shares of Merck stock (now $45.50 a share), not counting options, and as of last week he had not decided whether he would keep it (and thereby risk conflict-of-interest criticism), put it in trust or sell it, assuming the Senate confirms his appointment next month...
...treaty the U.S. can write for control, operation and defense of a new canal. The Panama Canal made Panama a nation. Yet for years Panamanians have railed against the 1903 treaty, which gives the U.S. "sovereignty in perpetuity" over the ten-mile-wide Canal Zone, demanding a bigger share of the revenues, and more control of both the canal and the zone. Last January's anti-Yankee riots, which left 26 dead (including three U.S. G.l.s) showed how deep the passions go. The U.S., as Johnson said last week, is now willing to rewrite the 1903 treaty...
...most straightforward summation of all came from Ecuador's Finance Minister Alberto Quevedo. Said he: "More and more, we Latins are prepared to give in to demands for social justice. A peaceful revolution like the one propounded by the Alliance means that we may lose a good share of our privileges. A violent revolution will certainly mean the total loss of all that we have and cherish...
...crew lost their lives. The skipper wrote to relatives of both men, praising their heroism, and to the widow of Torpedoman Second Class Jack Kirksey Kennedy wrote four letters. "If a captain is fortunate," said the first, "he finds one man in his crew who contributes more than his share. Jack Kirksey was that man." Last week the letters brought $9,500 in Manhattan, highest price yet paid at auction for a memento of the late President...
When the stock of the Communications Satellite Corp. went on the market six months ago at $20 a share, demand for it was so great that brokers rationed it to 50 shares or less per customer and only the favored few got their piece of space. But professional Wall Streeters generally stood aloof, willing to sell it but not so willing to buy. Comsat might become the bluest of space-age blue chips, they said, but that was many profitless years away...