Word: chairman
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Dates: during 1970-1979
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Lambert, backed by labor and blacks, has updated Huey Long. As chairman of the Louisiana public service commission, the same office that propelled Long into the governorship, Lambert has regularly opposed hikes in utility rates, even though many of his decisions were overturned by the courts...
...Among the closings: the Youngstown Works in Ohio where a steam engine installed in 1908 still drives one of the rolling mills. U.S. Steel's earnings will be hit by the plant closings, which could cost as much as $600 million, mainly in pension benefits to workers. But Chairman David Roderick indicated that further closings may be necessary unless productivity and quality are improved...
...bills also require the company's banks to make additional unsecured loans on top of any federally guaranteed funding. Some bankers are unwilling to pour more good money into Chrysler. "There is a reasonable chance that loans might not be repaid," warned Citibank's chairman Walter Wriston...
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...
...Americans in the area, the largest ethnic group is German. This is Canada's fastest growing large city. In the past five years, 20 foreign banks have opened offices in Calgary, and last June the Bank of Montreal became the first major Canadian bank to move its chairman, Fred H. McNeil, to Alberta. Says he in his Calgary office: "The time of the West has come...