Word: stockely
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Dates: during 1970-1979
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...obstruction of justice. Elko claimed that he received $25,000 in hush money from Flood's friends. But in exchange for a reduced sentence, Elko agreed to provide evidence against his former boss. According to Elko's account, Flood received $100,000 in cash and bank stock from the schools and other organizations that obtained federal financing with his help. ¶Flood's role in obtaining congressional approval in 1973 of $10 million for a livestock development project in the Bahamas, a project that was approved over the strong objection of the Agency for International Development. According...
Hurt by the drives of Miller and Anheuser, the sales of Milwaukee-based Schlitz slipped last year from 24.2 million bbls. to 22.1 million, and pretax profits plunged from nearly $97 million to $35 million. The Uihlein family (pronounced Ee-line), which controls 75% of the stock, is squabbling over methods to recoup. Chairman Daniel McKeithan Jr., an Uihlein in-law before his divorce in 1974, has brought in some outside executives and is seeking a new advertising agency to change the company's cheap-beer image. Schlitz is also thought by some to be for sale; merger talks...
...alert for new oil, fresh profits and the main chance. In this pursuit, President Howard B. Keck, who took over at his father's death in 1964, is also relentless. Superior's success at sniffing out crude deposits has made it a darling of the New York Stock Exchange; last week its shares shot up 18 points to hit 279 and thus become the highest priced stock on the Big Board, ahead of IBM. Highly profitable (earnings were $51 million in 1976), Superior reportedly offered 100% pay increases to some Mobil runaways...
...Blumenthal argued that other offending proposals-notably the recision of tax advantages for capital gains-had been eliminated. He urged the businessmen to support the provisions they approved of rather than oppose the entire bill. But when he said the economy was doing well in all respects except the stock market, one guest cried: "In effect we are in liquidation! How can you say we are doing all that well?" The mood became even chillier when discussion turned to Carter's energy program. "It was about as intense and hostile as anything I have ever observed," said one participant...
Whatever the reason for the transaction, some student observers said Harvard's back-door divestiture of the stock may well make it that much harder for the University to resist demands for stronger action against apartheid--including supporting share-holder resolutions calling for withdrawal of all U.S. corporations operating in South Africa...