Word: w
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Dates: during 1970-1979
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...ferociously competitive business, similar tactics of search and cultivation are used by major auction houses across the U.S.: Robert W. Skinner Gallery in Bolton, Mass.; Adam A. Weschler & Son and C.G. Sloan & Co. in Washington, D.C.; Mortons in New Orleans; San Francisco's Butterfield & Butterfield; West Palm Beach's Trosby Auction Galleries. The so-called country auction where the city slicker might once snap up for a song a Revere salver or a federal highboy is as distant a memory as the nickel newspaper. Says Scudder Smith, editor of Antiques and Arts Weekly, "You look around some...
Charles Bluhdorn, the ultimate conglomerateur who merged some 150 companies into the $5 billion-a-year Gulf & Western Industries, is a tough, autonomous type, well known for his flamboyant and freewheeling manner. Last week, in a 60-page civil suit, the Securities and Exchange Commission charged G &W, Board Chairman Bluhdorn and Executive Vice President Don F. Gaston with "fraudulent courses of conduct...
...complaint follows a three-year investigation, aided by the confessions of Joel Dolkart, G& W's former general counsel, who was convicted in 1976 of forging a $250,000 check. The charges accuse the company of artificially inflating the value of some G &W assets; hiding losses by shuffling money and stock among subsidiaries; risking huge sums in unauthorized speculations in the commodities market; improperly transferring funds in and out of the Dominican Republic; investing G & W pension funds in outside businesses that benefited the officers; and using company legal, tax and financial services for private endeavors...
...officials offered to settle out of court, but Bluhdorn, calling the allegations "totally unwarranted and outrageous," vowed to do battle before a judge. More than honor is at stake. If the SEC prevails, it could order G & W to hire an outside auditor to fully investigate the company's affairs, recruit a more independent board of directors and adopt new management procedures...
...This cheerful-looking little red box, made by Texas Instruments, signals for attention with a four-note tune when a child (or wondering adult) presses the On button. Then, when the Go button is pressed, the machine says, in a deep, pleasant, male voice, "Spell wash." The child presses W, and the machine pronounces the name of the letter: "Double-you." When the speller finishes punching the letter buttons, he presses Enter, and the machine says, "That is correct. Now spell extra." Or, if the speller has made a mistake, the machine says, "Wrong. Try again." The sentences are lifelike...