Word: townsend
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Dates: during 1970-1979
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Womack's book is about Emiliano Zapata, a guerrilla leader and agrarian reformer of the 1910-1920 period in Mexico. Other contenders in the History and Biography category are Dean Acheson's Present at the Creation and Townsend Hoopes's The Limits of Intervention...
...Emily Dickinson Townsend Vermeule, a distinguished classical archaeologist, will join the Faculty this year as its only woman professor...
...Fling on Broadway. In 1962 Levin, who once taught college mathematics courses, teamed up with Townsend, a former Union Carbide executive, in creating a company to buy computers from IBM and lease them to users at a discount. The firm prospered, and Levin began spreading into the far-off fields of restaurant franchising, real estate and Nevada gambling, in which he had no real management experience. After Levin-Townsend bought the Bonanza Hotel last March, Levin got into what gambling authorities described as a "childish feud" with Nathan S. Jacobson, who owned an important minority share in the hotel...
Executives who have dealt with Levin say that he rammed through several acquisitions without consulting all of his directors. Levin concedes that "maybe I made some mistakes," but insists that directors were fully informed and made no objections. The acquisitions generally expanded Levin-Townsend's revenues but did nothing for profits. Sales in the first half of the company's 1970 fiscal year, ended last September, rose to $33 million from $23 million a year earlier, but profits dropped to $3.6 million from $5.2 million. The company is expected to report a loss for the Dec. 31 quarter...
Wall Streeters expect Levin, who owns 9% of Levin-Townsend stock, to start a proxy fight. He speaks with patronizing contempt of the executives who dismissed him. Of Onetime Friend Townsend he says: "Jim could implement that which I could conceive." With MacArthur-like resolve, Levin vows: "I will be back...