Word: threeyears
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...controlling three-man vote among the trustees. But there will be plenty of dividends for LTV. Jones & Laughlin recently reported first-quarter earnings of $11,706,000 on sales of $277 million. In his tender announcement last week, Ling also noted that the company is involved in a threeyear, $400 million improvements program, which ought to sustain earnings in years to come. All that should make J. & L. an attractive occupied territory for any corporate armchair general...
...Senate conferees proposed a 13% increase last week instead of the 15% proposed by Johnson), foreign aid (the Senate is seeking to restore more than half a billion dollars to the $2.1 billion House measure), and education (the Senate rejected moves to trim $2.5 billion from Johnson's threeyear, $14.5 billion school-aid program...
Beset by a plethora of problems, the nation's steelmakers are pinning their hopes for the future on far-reaching technological advances. Accordingly, U.S. Steel, the industry leader, is now in the midst of a threeyear, $1.8 billion program to modernize its plants. With this stake in new production methods, U.S. Steel last week chose an up-from-the-mills operations man as its next president. He is Pittsburgh-born Edwin H. Gott, 59, the company's executive vice president for production, who on July 1 will become No. 2 man behind Chairman and Chief Executive Officer Roger...
...Federal Government of a nationwide, nonprofit, private housing federation that would buy and rebuild slum dwellings, then sell them to low-income families on a unit-by-unit basis, thus giving the man in the slum a stake in his own neighborhood. Working from a base of a threeyear, $60 million Government outlay and $2 billion in federal debenture bonds, the plan would ultimately generate up to $1.3 billion in rehabilitated housing...
...holdout who really rattled the rafters was Quarterback John Brodie of the San Francisco 49ers, No. 1 passer in the N.F.L. last year. Before the merger, Brodie had accepted a threeyear, $750,000 contract to play for the A.F.L.'s Houston Oilers. His deal was abrogated by the merger. Brodie took a trip to Hawaii, hired San Francisco Attorney John Elliott Cook to represent him, and threatened a court action against the merger unless somebody coughed up the $750,000 he had been promised-plus damages...