Word: swaps
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Dates: during 1950-1959
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...afraid to tangle with politicians. When Pennsylvania's Governor George Leader told Michigan's Governor Mennen ("Soapy") Williams that he would swap him the Pennsy for Michigan's General Motors, Symes wrote a cheerfully insulting letter to Leader, saying he would gladly give Leader to Michigan "and ask nothing in return." Then he invited Leader to lunch. Before it was over, Symes got a promise from Leader to build a $1,500,000 state road to lure into Pennsylvania a new Hammermill Paper Co. plant, which will eventually create 3,000 new jobs and more business...
...shares outstanding, had even picked up 260,000 shares that the Church of England's Commissioners, who handle the church's investments, unloaded at a profit of about $1,000,000. Reynolds' investment: around $40 million. In addition. Tube and Reynolds upped their stock-swap offer to $12.32, got enough additional stock to raise their total holdings...
...angry, chained men but hardheaded realists, some of whom, now that their countries are becoming independent, can no longer live simply by indicting imperialism. They were getting an opportunity for the first time to meet other black nationalists from all over the continent, to size them up, to swap ideas, to get a psychological boost from the feeling that others were with them. For all the fiery phrases about "solidarity and fraternity" and for all the placards reading, "Forward to Independence Now!" this was no gathering of obedient line followers. They accepted as conference chairman Kenya's flashy young...
...first of the year, each one costing an estimated $216,000 per month to operate and maintain. To sweeten the kitty. National has also agreed to a stock exchange that, if CAB approves, will eventually give Pan Am a big voice in its affairs. In a $16 million swap, the two lines will exchange 400,000 shares of stock, and Pan Am will get a two-year option to buy another 250,000 shares of National stock at $22.50 per share. The effect would be to give National a minor (6%) interest in Pan American, while Pan Am could gain...
Down and out in Paris, grimly poking through garbage cans for rubbish to swap for food, Science Student Jean-Claude Rebours. 20, often thought with irony of the tough philanthropist whose ideas had goaded him into studying the city's clochards-its beggars and bums. It was the notion of Millionaire Jean Walter, who died two years ago at 74, that French lycées placed too much emphasis on book learning. "Our educational system fails to prepare French youth for the tasks to be faced as men," he wrote sternly. "There is not enough contact with life." Jean...