Word: takings
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Dates: during 1960-1969
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...tighter economy will force lower wage settlements. President Nixon says that he wants everybody to show "backbone" in resisting inflationary wage and price increases rather than relying on White House "jawbone." General Electric, the fourth largest manufacturer in the country, is notorious among union men for its stiff take-it-or-leave-it negotiating tactics. Thus, G.E. seemed an ideal battlefield on which to Jet management and labor fight to a settlement while the Administration watched from the sidelines...
...strike began, a federal court in New York attacked Boulwarism. It ruled that G.E. had violated the National Labor Relations Act in 1960 by refusing to furnish information requested by the union, trying to deal directly with union locals and presenting a personal-accident-insurance program on a take-it-or-leave-it basis. Judge Irving Kaufman chided the company for its "patronizing attitude" and charged it with an overall failure to bargain in good faith...
Unlike some executives who take a paternal pride in diversification moves. Clark has not hesitated to shed businesses as well-including some that made money but not as much as he would have liked. Amexco acquired the Uni-card credit business in 1965 and expanded it, but sold it last January-for a $16.6 million profit. Early last month, it agreed to sell its freight operations to Pacific Intermountain Express...
...Perrier desires Genvrain, the largest company in France's inefficient and fragmented dairy industry. The French government heartily approves Perrier's bid, which would both foil any foreign attempt to take over Genvrain and represent a major move toward consolidating France's 3,000 scattered dairy firms. Finance Minister Valéry Giscard d'Estaing indicates as much in a meeting with the publicity-shy strategist of Perrier's expansion, President Gustave Leven. Perrier makes a generous proposal for Genvrain: $56 a share for stock that was selling for $45 on the Bourse. Genvrain would...
...then, the whole wine-rich village is melancholy-until it learns that the Germans are coming to take over the town and its only treasure, vino. Bombolini, the town drunk, is hastily proclaimed mayor. His single responsibility: to hide a million bottles of vermouth. His metamorphosis from clown to hero -and what he does with the wine-provides The Secret of Santa Vittoria...