Word: somes
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Dates: during 1970-1979
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But Chairman Lee lacocca had some good news for his 16 fellow Chrysler directors. Before they gathered for their regular monthly meeting, he had received a call from Treasury Secretary G. William Miller, who told him that the suffering No. 3 automaker was going to get the Government aid that...
Government help of some sort is plainly needed if banks are to be persuaded to continue to finance Chrysler. Despite five profitable years, the company has run up a net loss in the 1970s of $100 million, and more than half the red ink has come this year alone. So...
Some of Chrysler's deficits result from the high cost of meeting clean air standards and fuel efficiency requirements. But it was the gas shortages of last spring that triggered Chrysler's ruinous 1979 sales slump (indeed, recently Ford and General Motors have also been losing money on...
Yet the recent salary moderation has been far from uniform, and some yawning disparities have appeared. Sibson & Co., a New Jersey management consultant firm, calculates that the compensation of top business executives has increased by 14.8% this year with the help of salary bonuses often reaching 20%. Among wage earners...
In any period of rapid inflation, well-organized workers and those with scarce skills can protect themselves better, but even they eventually fall behind rising costs, and their living standards decline. Like Oliver Twist, American workers are expected to begin asking, "Please, sir. I want some more." The minimum wage...