Word: tobacco
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Dates: during 1960-1969
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...effrontery are the builders of conglomerates?those multipurpose, multi-industry companies that specialize in hodgepodge acquisitions. They are often put together in a seemingly haphazard tangle, with only finances for a common bond. In the modern conglomerate, oil and water do mix. So do steel and airlines, theaters and tobacco, chemicals and clothes, meat-packing and insurance. Such unlikely combinations have repeatedly paid off?at least...
...trains smell of dust and tobacco. There is hardly any view through their windows, they are fogged and dirty. All you can see are the fences and backyards of the slums of Providence and New Haven and Bridgeport through which the trains sneak slow and silent, like a scabby do in a Dostoevski story. And, in the aisle, an old man hawks the sandwiches and beverages. The sandwiches are larger than the toast bits served on planes, but they are also seventy-five cents and aged in Saran Wrap...
Logically, the companies that pay best count on individual executives for considerable decision making that directly affects profits. Often the decisions involve annual changes in styles and products. The most generous companies include department stores and manufacturers in the areas of tobacco, aerospace, drugs, electronics, cosmetics, appliances and autos. The highest-paid U.S. executive is the biggest decision maker in the world's largest company: General Motors Chairman James Roche, who in 1967 earned $733,316 in salary and bonus...
Died. Jack Kirkland, 66, newspaper-man-turned-playwright who in 1933 transformed Erskine Caldwell's earthy Tobacco Road into one of the most successful Broadway plays of its time (more than 3,000 performances), wrote the Broadway version of Man with the Golden Arm, and recently completed the book for a musical adaptation of Tobacco Road entitled Jeeter; of a heart attack; in Manhattan...
...name variety. It turned out that this professor was a consultant to three drug companies and had been asked to write the letter by the president of the Pharmaceutical Manufacturers' Association. Professors testify in Washington against labeling cigarette packages with health warnings without revealing that they are consultants for tobacco companies. Others argue against government regulation of the drug industry sitting on boards of companies like Merck...