Word: clayton
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Dates: during 1950-1959
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...never found, but Charlie Porter found his role. After declaring war on Dominican Dictator Rafael Trujillo, he next turned his attention to seething Cuba. When Fidel Castro invited a group of U.S. Congressmen to Havana on an expenses-paid inspection tour, only Porter and Harlem's Adam Clayton Powell, another have-tux Congressman, accepted. But Castro turned out to be a disappointment ("I've urged him from the first to shave his beard," says Porter), and Porter thereupon looked around for new worlds to explore...
...decision closely paralleled the plan proposed by Du Pont itself after the U.S. Supreme Court had ordered the separation under the trustbusting Clayton Act (TIME, June 17, 1957) and sent the case back to Judge LaBuy to decide the details. He firmly rejected the Justice Department's demands that Du Pont distribute two-thirds of its G.M. holdings to its shareholders, sell the other one-third on the open market over a period of ten years. Such a plan, said the court, would have a "serious impact on the market value of the stock of General Motors...
...ruling in the Du Pont case would be used as a precedent to force companies, big and little, to shuck off blocks of stock in customer firms. But if LaBuy's ruling stands, it could set a precedent of. its own: companies held in similar violation of the Clayton Act need only transfer their voting rights. Deeply disappointed, Department of Justice lawyers may appeal. They well recall that the Supreme Court has reversed LaBuy once before on the case; it upset his 1954 ruling that Du Font's control of G.M. did not violate the Clayton Act. Last...
...greatest bit of distance shooting in modern times," marveled N.A.A. President Clayton B. Shenk. "Nothing to my knowledge has approached it since the 16th century, when the Turks were claiming distances approaching...
...pride the chance to score off his Ivy elitenik neighbors with a bottle of Mouton-Rothschild 1937. One of the best stories in the book, Who Made Yellow Roses Yellow?, might draw a bravo from Marquand for its social surgery. At college, blueblooded Fred had got socially iffy Clayton into the best clubs. Years later, with the hourglass of fortune reversed, Fred needs work and Clayton is an advertising bigwig. At a sanctimonious lunch full of bogus bonhomie, Clayton offers Fred no job. and all but admits that one of his greatest pleasures is watching the mighty campus idols...