Word: ward
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Dates: during 1970-1979
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...Small companies need the flexibility of being privately held," says Robert Varner, president of Varner-Ward Leasing Company, a San Francisco business (annual sales: $5.6 million) that went public at $9.50 a share in 1964. In 1971 it turned down a dubious acquisition that Varner concedes "would have made our stock look like the fair-haired boy of the market." Another company did make the purchase, and the price of its stock shot up - temporarily. Varner-Ward shareholders were outraged. If the firm had stayed private, Varner would never have been under any pressure. Finally, Varner and four associates decided...
...Convention Singer saw Chicago Mayor Richard Daley deliver the Illinois votes without polling the delegation. "I realized then that we had to work from the bottom up to bring out a more open political process." In a stunning upset, the independent Democrat was elected alderman in a strong machine ward...
STRINGER by WARD JUST 199 pages. Atlantic-Little, Brown...
...could be asked about his book and his character's situation. The reader will find himself wavering between conflicting assessments: the story is really a disturbing piece of surrealism or it is a neat con job. The compromise view-that the book is a bit of both-leaves Ward Just (author of The Congressman Who Loved Flaubert, an excellent collection of several stories published last year) as one of several promising American writers now creeping up on the big novel...
...perhaps, Marcor Chairman Leo Schoenhofen reacted coolly. In a terse ten-line statement, he said: "Marcor's management is not in a position to reach any judgment regarding the proposal." Marcor was formed in 1968 largely for the purpose of fending off takeover bids. The managements of Montgomery Ward and Container were both fearful of such attempts, so they agreed to merge into a company big enough to be beyond the reach of most takeover types, while keeping the managements separate. The arrangement has worked well: last year, Marcor's sales rose 21% and its profits...