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creating an independent shareholders Committee to investigate the impact of GM's policies on auto safety, pollution, mass transit, and minority hiring and make recommendations for improvements to the stockholders next year...
...aroused Senate two weeks ago passed a bill calling for Government takeover and operation of the transit system. Last week drivers threatened to strike over inadequate payments to their pension fund; the walkout was averted when Chalk obtained a federal court injunction. Through it all, Chalk, who as president, general counsel and chairman of the board is salaried at $65,000, hotly denied any mismanagement or payment of too much in dividends. But last year's losses were $397,500, and outstanding debts reached $27 million, a 24-1 debt-equity ratio compared to the 4-1 that existed...
...House goes along with the Senate in voting a Government seizure, Chalk will probably reap one final windfall. He owns real estate that he pulled away from B.C. Transit and incorporated separately. The price for the company, excluding the real estate, he has set somewhere between $40 million and $50 million. "That," noted Senator Williams, "is absurd"; but the Government will nonetheless have to pay a good price to rescue B.C. Transit from its present owners...
...other cities in order to land. One recent Bulgarian Balkan Airlines flight, destined for Vienna, set down in Budapest. The pilot disappeared, the agent said it was his day off, and the Hungarian airport staff declined to help the passengers. After eleven hours of negotiation, some passengers wangled transit visas and a car for the 160-mile drive to Vienna...
...short, requires infinite patience and a certain sense of derring-do. For those who risk it, TIME'S Mader offers this advice: "Fly Eastern European only when there is no choice, and then with CSA if possible. Plan appointments no earlier than 24 hours after scheduled arrival. Obtain transit visas, if possible, for all Eastern European countries in the flight pattern in case the flight is diverted. Steel nerves for rough flight, regardless of weather. Be armed with plenty of Western reading material, for only in Yugoslavia can you buy it freely. If plane is diverted, immediately upon landing...