Word: stocked
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Dates: during 1960-1969
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States and localities are concocting all sorts of ways to raise money. In addition to those old stand-bys-taxes on whisky, cigarettes and gasoline-they are slapping taxes onto restaurant meals, hotel rooms, commercial occupancy, utility bills, stock transfers and on the use of sewers. Last week, testifying before a House Judiciary subcommittee that is trying to write sensible guidelines for such taxes, Caloric Corp. Vice President Werner N. Davidson complained: "Today the overlapping state, county, city and school-district tax structure reminds me of a pyramid built by drunken Egyptians...
...that many of its divisions can barely make ends meet. They have been saying this for years about the Fairchild Camera & Instrument Corp. - and they may be right. Yet last year Fairchild's shares rose by a greater percentage than any others on the New York Stock Ex change, spurting from...
Management is now in the hands of Chairman and Chief Executive Officer John Carter, 45, a rough 250-pounder who proclaimed shortly after taking over: "I know how to handle a sick company." Carter was lured from a Corning Glass vice-presidency nine years ago with a stock option offer of 23,800 shares (he now owns 52,250 shares worth almost $11 million). Sherman Fairchild withdrew discreetly to the board, has been more concerned with his chairmanship of the completely separate Fairchild Hiller aerospace firm, which recently bought Republic Aviation...
They use Campus-Pacs as traffic builders. To receive a supply, college stores must advertise the packs in campus newspapers, also stock regular sizes of the samples. After the packs are introduced, surveys inevitably show a rise in student preferences for the sampled products. Harris' potential clientele will continue to grow, reach 7,000,000 students by 1970. And every year there is a completely new freshman class that can be tempted to use the products in the pack...
...Stake in Stock. Like any wise intruder, Sears staffs its stores with natives: 99.3% of its employees are Latin Americans, including almost all store managers. The company offers a share in stock ownership as well as jobs. In Venezuela, for example, employees through profit sharing have accumulated a 17% stake in the local subsidiary. Because Latin American countries have prohibitive import barriers. Sears buys 80% of its merchandise from 9,000 native manufacturers, who produce such goods as refrigerators, washing machines and blue jeans. Sears's local purchasing program amounts to a private Alliance for Progress that has made...