Word: westing
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Dates: during 1970-1979
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Attempts to impose further controls now seem inevitable. The Federal Reserve and West Germany's Bundesbank, which are leading the drive to put Eurocurrencies in leg irons, have already asked major countries to impose reserve requirements on foreign deposits with their banks, even if they are branches located outside the country. In addition, governments of ten leading industrial nations are trying to force all banks to show exactly how much money they have lent out abroad...
Still, Fraser has a yen to see European-style ''co-determination'' spread in the U.S. In West Germany, Sweden and Denmark, workers sit on supervisory boards. Studies suggest that they have little impact on corporate policy-for good or ill. Notes one German industrialist...
Apple is the fruit of Jobs and another college dropout, Stephen Wozniak, 26, both of whom had worked for West Coast electronics firms. In 1976 they sold a Volkswagen Micro Bus and a calculator to scrape together $1,300 to build a small computer in Jobs' garage. It took them six months to design the prototype, 40 hours to build it from scrounged parts, and no time at all to sell it to a retail computer store in California. Says Jobs: ''To our amazement, the store ordered 50.''The Apple Computer-so christened by Jobs...
Bankrolled in part by two West Coast millionaires, Venture Capitalist Arthur Rock and Henry Singleton, the Teledyne Inc. chairman, Apple has been able to finance its growth internally. In 1976 the company had no employees other than the two founders and $200,000 in sales; by 1978 the payroll was up to 150 and sales totaled $17.5 million. This year the company, which is privately held but admits to pretax earnings equal to about 20% of sales, expects to be doing $75 million in business with 400 employees...
...United Artists and, in the years after World War II, as a pioneer of international coproduction, with such distinguished directors as David Lean and Carol Reed. Korda's knighthood-obtained in part for secret services to the British during the war-did not hurt him socially on the West Coast either. They were used to tinny titles out there, but as Sam Goldwyn said, Korda's was ''100% kosher...