Word: takings
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Dates: during 1960-1969
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According to Bautzer, Aubrey told Kerkorian: "I don't want a contract. If I do a job on this, the contract will take care of itself. If you don't like the way I'm doing it, you can say 'Get lost, Jim' without any obligations." Aubrey will get $208,000 yearly, plus an option to buy 17,500 shares...
Government lawyers cannot appeal Judge Timbers' decision against an injunction, but they plan to pursue a separate suit filed against the merger three months ago, also in New Haven. ITT executives, who in the meantime will go ahead and take over Hartford Fire, are indignant over the Justice Department's determination to press the case. They say that the Hartford acquisition carefully adhered to the Johnson Administration's antitrust guidelines-and they do not like having the rules changed in the middle of the game...
...auto company to its empire of steel, cement, aluminum and chemical companies (total assets: $624 million). The suspicion in Detroit was that two old friends, Edgar Kaiser and American's Chairman Roy Chapin Jr., have a secret signed agreement to assure that Kaiser will not take over control...
...have considered it for seven years; they finally agreed when the price was right. The two companies are partners in a new auto plant in Iran; they are also affiliated in Argentina, where AMC uses Jeep engines, and in Mexico, where Jeep buys its engines from American. American will take over Kaiser's auto plants in 34 countries, acquire a new line for its 2,400 dealers at home, and likely gain much-needed recruits among Jeep's 1,600 dealers, some of whom will switch to AMC. American also inherits Jeep's substantial Government business, which...
...zoning and planning warfare by which suburbs fight to remain enclaves for the well-to-do. As Alcoa Chairman Fritz Close said last week in San Francisco: "Enabling the poor to find housing in the suburbs, where the jobs are, is probably the biggest single step this country could take toward solving its social problems...