Word: dividend
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Alaska's good fortune is also a political plus for Republican Hammond, who called the refund and oil dividend package "ultimately the most important legislation ever enacted" in his state. He added, "Some people call this socialistic, but it really is very conservative. The idea is to let the public decide how they want to use their money...
...went into business as Charles River Breeding Laboratories, Inc. Today Charles River, located on a 60-acre spread in Wilmington, Mass., is the world's largest supplier of animals for scientific research. In 1979 the firm netted $3 million on sales of $30 million and paid a dividend of 34? a share. This year the company will dispatch more than 18 million of its well-bred rats, mice, hamsters, guinea pigs, rabbits and monkeys to research laboratories throughout the world, where in the name of science the creatures will debauch themselves gobbling saccharin, lushing liquor and inhaling cigarette smoke...
...Brown, calls for a North American common market. To spur savings Connally would create a "taxpayer's nest egg," in which people could invest up to $10,000 of income, taxfree, so long as they put it in a bank account, stock or bond and reinvested the interest, dividend or capital gain...
Under his startling scheme, Americans no longer would pay taxes on their total income, which includes savings that are now actually subjected to double taxation (first when the money is earned and later when it draws interest or dividends). Instead, they would pay taxes on only the money they spent, thus creating a powerful incentive for saving. Impossible? Not at all, says Boskin, who adds that since interest and dividend payments also would be tax exempt, U.S. capital accumulation would rise to new highs, thus revitalizing the private sector of the economy...
...other sacrifices, common stockholders will have to wait a long time for dividend payments to resume. Top managers could well announce token salary cuts* and the sale of the company's three corporate jets. Bankers may have to accept deferred payment and lower interest. A committee representing Chrysler dealers has offered to lend the company $50 for every car they receive-a deal that ultimately could amount to an interest-free credit totaling $120 million. lacocca has already confirmed that certain suppliers have agreed to extend terms of payment. Chrysler has also asked some to cut prices...