Word: splitting
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Dates: during 1950-1959
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...nine years of legal politicking, he built Acción Democrática, the strongest popular political party Venezuela has ever known, and served as the country's provisional President for two years. In office he worked out the world's first 50-50 government-company split of oil profits and oversaw the first truly free election in Venezuelan history. Last week, after the second free election, Betancourt was President again...
...Mona Lisa del Giocondo had had any idea of the lengths to which critics would go in trying to explain her enigmatic smile in Leonardo da Vinci's famed portrait, she might have split her sides laughing. For in 450 years the smile has been variously interpreted as sly and tender, coquettish and aloof, cruel and compassionate, seductive and supercilious. At Yale University last week an eminent British physician, visiting professor of the history of medicine, coolly swept aside all such adjectives and offered his own theory: the lady was smiling with "placid satisfaction" because she was pregnant...
...stock, all of the company's outstanding stock will be replaced with a single class of voting common stock. (The other 19% of A. & P. stock is publicly held but has had no voting rights.) All common stockholders will receive a 10-for-1 split on their old shares, and three shares of new common stock will be issued for each preferred share. When the new common stock is traded this week for the first time on the New York Stock Exchange (tape symbol: GAP), it is expected to open around $55 a share, since the old stock closed...
...company, are clamoring for the line to concentrate on shipping, sell off its many holdings in the oil, insurance, trucking and hotel fields. Matson's California investors, who own the majority of stock, have agreed to dispose of the hotels but oppose the other sales. Management's split runs so deep that there is talk of liquidating the whole company...
...fast-growing, already seam-split junior college on the outskirts of Los Angeles is likely to be the battleground for California's hottest educational fight during the next few months. The issue at Compton College: President Paul Martin's use-or misuse, depending on which violently opposed viewpoint is taken-of educational television. Within the college, teachers mutter moodily of "1984"-or support Martin enthusiastically. Outside, bitter opposition is building; a few days ago the 90,000-member California Teachers Association condemned Compton's plan, asked the University of California to consider refusing to recognize credits earned...