Word: shermans
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...most important U.S. executive ever indicted under the Sherman Anti-trust Act appeared last week for sentencing in Manhattan's U.S. District Court. Facing a possible one-year jail term and a $50,000 fine was Jones & Laughlin President William J. Stephens, 58, who had pleaded no contest to Government charges that from 1955 to 1961, while he was a sales executive of Bethlehem Steel, he had met with other industry men in Manhattan hotel rooms to rig some prices on carbon sheets, the commonest grade of steel. Also facing the same sentence was a lesser executive, James...
Parsimonious Tipper. Shuman's job entails traveling some 75,000 miles a year. In the first half of 1965, he has been in the Chicago office only 58 days, made a total of 61 speeches in 22 states. In Chicago, Shuman stays at the Sherman Hotel, where he gets a special rate and a different room each week. After 20 years, Shuman and the Sherman's bellboys have become special friends, though Shuman is a notoriously parsimonious tipper. "I don't throw it around," he says...
...complaints were no surprise; civilian soldiers, whether draftees or volunteers, have made known their distaste for military rules in every U.S. war since the Revolution. But Congress was also aware of the professional soldier's compelling argument that autocracy is a military necessity. As General William Tecumseh Sherman warned in 1879: "An army is a collection of armed men obliged to obey one man. Every change in the rules which impairs the principle weakens the army...
...Allie Sherman, 42: a ten-year contract as head coach of the New York football Giants-at a reported $40,000 per year-despite the Giants' last-place finish...
...rigged some prices of the commonest grade of steel, carbon steel sheets, which go into autos, washing machines, kitchen cabinets, refrigerators, office furniture and many other consumer goods. Judge Edward Weinfeld of Manhattan's U.S. district court fined them $50,000 each, the maximum allowed under the Sherman Antitrust...