Word: sinclairs
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...Western agreed last month to sell its 33% interest in Allis-Chalmers Manufacturing Co., which had resisted the very idea of a merger. That done, Gulf & Western promptly showed that its policy can change along with the prize. Last week the company was involved in a struggle to acquire Sinclair Oil, which vowed to "vigorously oppose" the move and made its point even clearer by agreeing to merge instead with one of its competitors, Atlantic Richfield...
...remains very much the man in charge, Gulf & Western has become a $1.3 billion-a-year conglomerate by buying up some 70 companies in fields as diverse as metals (New Jersey Zinc) and movies (Paramount). But it has never been in the oil business. For its part, Sinclair is the nation's tenth biggest oil company; its 1967 sales were $1.5 billion and its profits $95.4 million. Because it has a relatively small amount of common stock outstanding (12,500,000 shares) for a company its size, Sinclair is particularly vulnerable to takeover attempts...
...catalogue of individual American shapers would fill an encyclopedia. Margaret Sanger advocated contraception in the face of laws that branded her a criminal. Novelist Upton Sinclair sanitized Chicago's abattoirs with his 1906 shocker, The Jungle. Henry Ford wheeled a nation and established the principle of a fair day's pay for a fair day's work. All these and a host of others were evolutionaries who worked change without revolution. Ralph Nader, for all his abrasive qualities and puzzling motives, is very much their inheritor...
...volumes that attacked Chicago meat packers, Wall Street bankers, capitalist publishers, and just about everybody else in the Establishment. But last week, "the king of the muckrakers" had kind words for everyone around him. At the Bound Brook, N.J., nursing home where he lives, a mellow Upton Sinclair beamed as he leaned over in his chair and blew out the candles on his 90th birthday cake...
...from the mass media and from the elected officials who rule our nation. This past year the affliction seems to have spread even to the highest reaches of our own university. Indeed, almost as often as our brothers at Columbia, we have had occasion to recall the late Upton Sinclair's descripiton of the modern college president as "the most universal faker and the most variegated prevaricator that has yet appeared in the civilized world...