Word: unload
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Dates: during 1960-1969
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...avoid becoming an insider, Bluhdorn would have been forced to sell part of his Armour holding?at Prince's price. Angered, Bluhdorn quickly arranged to unload 150,000 Armour shares at $56 to Richard Pistell's General Host Corp., a Manhattan baking and food-freezing firm. Pistell took an option on Bluhdorn's remaining 600,000 Armour shares at $60. Thus Bluhdorn escaped the patrician Prince's trap. With great help from Bluhdorn's stock, Pistell last month captured control of Armour, despite Prince's frantic efforts to resist...
...rush, the $3 billion that drained out of official reserves created a price-stabilizing oversupply of the metal in the free market. Now that cushion is depleted because speculators have bought it up. If the price gap grows larger, the central bankers of smaller nations might be tempted to unload official stocks of gold at the much higher free-market price-thereby circumventing the two-tier arrangement...
...Raise in Salary. Blount, of course, will unload his interest in the family company. So will another millionaire builder, Governor John Volpe of Massachusetts, who will head the Transportation Department. Volpe retained his chairmanship of the John A. Volpe Construction Co. while serving as Governor. He will sell his interest, which he estimates at about $1,000,000, and expects to lose a quarter of that in taxes...
...Israelis' contempt for the raiders, there is evidence that they are worried. Recently, Israel closed the Allenby Bridge over the Jordan River to truck traffic, reversing its own policy of keeping connections between Jordan and the West Bank open. Now trucks coming from Jordan must unload on one side, and the goods are reloaded into Israeli vehicles on the other side, all under the watchful eyes of po- lice. Police barricades have been set up outside Jerusalem and more green-be-reted civil guards called up to reserve duty. At Israeli schools, teachers are now being lectured on anti...
Pour la Patrie. Though bargain rates should put TV within reach of many companies, the number that can exploit the new advertising opportunity is limited by stiff government restrictions. Half the plugs must boost sales of certain food products to help French farmers unload their surpluses. The rest are equally divided between textiles and electric appliances, whose makers have been hurt by foreign competition. For non-French products, the chances of appearing on French TV screens are small. Before letting a commercial go on the air, the government has to be satisfied that its message serves the interests...