Word: tisch
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...measure to lower taxes since the success in California of Proposition 13, which he cosponsored. His appearance was part of a drive to obtain the 266,000 signatures needed by this week to get a tax-cut referendum on Michigan's November ballot. The proposition, sponsored by Robert Tisch, the drainage commissioner of rural Shiawassee County in central Michigan, would cut property assessments in half, hold future increases to 2.5% a year, and permit the state income tax, now 4.6%, to rise no more than one percentage point...
Again the crowd cheered lustily. Jarvis' entry into the fray on behalf of the Tisch proposition has led some of Headlee's backers to fear that the antitax movement could be splintered, causing both proposals to lose. Still, with state and local taxes up 142% in ten years, the voters of Michigan seem ready to send their politicians a message. Says Tisch: "With Howard Jarvis, we're going places. He's a hero, a father figure...
...names and dare the clerk to say anything. Holiday Inns' policy is to turn down couples only when they are from the local community and known not to be married. Many motels and hotels make no effort at all to check. Loew's Corp. President Preston Tisch remembers ruefully when his teen-age son was working behind the desk of the Americana in Manhattan. Says Tisch: "He wouldn't check in one unmarried couple. They went to the Hilton and we lost $30. I fired...
...truth, have grown increasingly elastic. Tax laws give companies great latitude in deciding how to treat both assets and costs that affect profits. Frequently, companies quite legally report results one way to the public and another to the tax collector. The conglomerates in particular are worried. Says Chairman Laurence Tisch Jr. of Loew's Theaters: "Accounting tricks are taking over. There's no rule on how to keep the books. You can make up your own mind...
...Laurence Tisch, 45, has already had a fairly spectacular past. He graduated cum laude from New York University at 18, a year later earned his business-administration degree from Pennsylvania's Wharton School. Father Al Tisch, who had prospered operating summer camps, staked his son to $125,000, and Laurence-consulting ads in the New York Times-used it to purchase a resort hotel in New Jersey. He and his brother expanded before long to New York, where they bought or built such hotels as the Drake, the Warwick and the Americana. In 1960, at the ripe...