Word: straus
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Another concern is Macy's potential antitrust problems. In Atlanta, Macy's and Rich's, a Federated chain, control almost all the department-store business. In New York City, Macy's stores and Federated's Abraham & Straus and Bloomingdale's are the top three operations...
...Farrar, Straus, Giroux...
Complete with a Big Daddy and a Kindly Uncle. Roger Straus Jr., 71, is brawny, with silver hair and a salty tongue. Editorial Board Chairman Robert Giroux, 73, is more reserved, an inside man whose contributions to the list include T.S. Eliot, Flannery O'Connor, Robert Lowell and Bernard Malamud. The outspoken Straus bluntly rejects the nostalgic notion that publishing was once a gentlemen's business. "They were poor businessmen," he says of many of the resonant names of the profession, "poor marketers out to massage their own egos generation after generation...
...Straus shuns the bureaucratic style of those merged entities resulting from takeovers by huge conglomerates that demand a fast return on their investment. He works in close contact with his employees. When the air conditioning broke down, he dashed out to buy Good Humors for the entire staff. Such gestures serve as an amusing reminder that the publisher is descended from the Guggenheims and the Strauses, old East Coast families noted for their philanthropic activities. Straus put up $50,000 to help start FS&G after World War II. He insists that he does not subsidize the company with...
Controlling the size of the enterprise means more collegial working conditions. FS&G's authors seem glad to forgo the ritual overpriced lunch (Straus takes writers to modest neighborhood restaurants) for the opportunity to work closely with underpaid four-star editors. Turow, who turned down a proffered $275,000 advance elsewhere to take $200,000 at FS&G, says the house's cachet "made it an honor to take less money." Doing business the old-fashioned way has long-term rewards as well. "Sometimes a writer ahead of his time has to be nursed along," says Giroux. "Remember, Moby Dick...