Word: steamship
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Dates: during 1970-1979
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Aged and cantankerous Meany was, but there is not a labor leader in the land who says he will not be missed. "George Meany is the AFL-CIO," asserts Fred Kroll, president of the railway, airline and steamship clerks' union. No one ever questioned Meany's dedication to the movement. The second of ten children of an Irish family in The Bronx, Meany became an apprentice plumber at 16. He soon proved as skilled at manipulating people as pipes. Stolid in appearance, sometimes slow of speech, he was easy to underestimate. But in any encounter, few rivals could...
...letter, which had been mailed on May 24, was made public on June 7. The scholarship offer played second controversy for a while, though, because Hanfstaengl also soon announced that he would indeed attend the reunion. He caught a plane to the coast, and set sail aboard the last steamship that could have gotten him to America in time for the ceremonies. Radical groups, including the National Student League, were unable to persuade the State Department to keep him out of the country. Debarking in New York, he was met with a demonstration, but he managed to avoid a planned...
...analysis of the much-ballyhoed "steel crisis" last year shows that corporate greed was the core of the problem, the catalyst for throwing Youngstown out of work. Youngstown Sheet and Tube, locally-owned and highly-profitable in the '60s, was 1969's Ripe Takeover of the Year. Lykes Steamship Company, based in New Orleans and one-seventh the size of Youngstown, borrowed the buy-out capital from Wall Street and elsewhere, using Youngstown's positive cash flow as collateral. Since 1969, Lykes invested next to nothing in modernizing the Youngstown plant--profits went to pay off the buy-out debt...
...compensate them for income lost during strikes. Career-minded women, like white-collar workers generally, tend to identify with management, or at least to believe they have more in common with their bosses than with the stereotyped hardhat. Says Fred Kroll, president of the Brotherhood of Railway, Airline and Steamship Clerks: "We have to get rid of the old baseball bat, T shirt, tattooed image...
McLean, 64, who ranks with his friend Daniel K. Ludwig in both his reclusiveness and the boldness of his investments, was noncommunicative as usual about the purchase. "We're just buying a regular-going steamship company," he said, adding with the understatement of a shrewd Scottish laird, "I think it's a good deal for both sides...