Word: strikingly
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Dates: during 1960-1969
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Died. Herbert V. Kohler Sr., 76, crusty, conservative chairman of Kohler Co., the big plumbing-fixture firm that weathered the longest major strike in U.S. history; of a cerebral hemorrhage; in Sheboygan, Wis. Struck by U.A.W. Local 833 in 1954 (among the issues: binding arbitration and a seniority rule in layoffs), Kohler held out for 81 years and kept his factory open with strikebreakers until the National Labor Relations Board finally forced him to the bargaining table...
Please Go Home. Although he considered Bethlehem's response excessive, the President granted that the cost of the industry's new labor contract was "high." Ironically, one consideration facilitating settlement was the knowledge that a steel strike, with its inevitably depressing consequences for both the economy and the Viet Nam war effort, would have provoked White House intervention. Union representatives and Chief Industry Negotiator R. Conrad Cooper of U.S. Steel shrouded their meetings in unaccustomed secrecy, avoided the usual inflammatory statements. When Federal Mediator Simkin showed up to offer his assistance, he was politely told to go home...
Duly Noted Profit. Besides higher costs and White House antipathy, Bethlehem and other steelmakers also face a severely restricted market for their products. The reason is that steel users, having stockpiled a record 36 million tons in anticipation of a strike that never came, will be working off their inventories before placing new orders. The rush of hedge buying, of course, did give the industry a big lift during the first half of 1968. U.S. Steel last week reported earnings for the first six months of $128.5 million, an increase of 52% over 1967. Bethlehem's six-month profits...
...Goodrich Co., reflecting a recovery from an industry-wide three-month strike in 1967, plus improved distribution and marketing programs, showed second-quarter profits of $12,149,000 - an astonishing 1,105% above 1967's second quarter...
Papousek speaks quietly, and does not strike a listener as a man of passionate political beliefs; after all, he is expert only on children. But his nationalism runs strong; he gets proud and excited talking of the Czechs, while he shakes his head in admiration...