Word: optional
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Dates: during 1940-1949
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...sixth wedding anniversary, his partner's 34th birthday. Architect Harrison had a map of Manhattan in his hand. Ringing Zeckendorf's East Side site with a pencil, he asked: "How much?" Without batting an eye, Zeckendorf tossed off his answer: $8,500,000. Forthwith, a 30-day option in the name of John D. Rockefeller Jr. was signed...
...further description of the proposed compulsory training law, Petersen said that at the end of six months the trainees would have an option of taking six months in ROTC, the National Guard, or other special programs. The trainees would be paid very little, he remarked, in order to make the greatest differentiation between the temporary trainees and the regulars. If the plan passes he is convinced that "We will have the best possible force available...
Instructors affected by the Congressional ruling will have the option, according to the Union, of reducing their teaching load "to the point where their allowance from the Veterans Administration will not be reduced." Extra time made available for their own studies, the Union statement added, "should shorten the period during which they will be subject to such income restrictions...
Lazarus set up a new department of acquisitions, put a squad of experts to work analyzing prospective markets. He also thought that Federated should pay well for his work, rowed with Bloomingdale's Samuel Joseph Bloomingdale (TIME, July 16, 1945) over a stock-option bonus plan which would have paid Lazarus & Brothers according to increases in Federated sales. In the end, the stockholders backed Lazarus and he went to work to earn the bonus by expanding into Houston...
First, Lazarus offered to buy out Houston's old Foley Bros. Dry Goods Co. When the firm refused to sell, Lazarus bought a store site, threatened to come in as a competitor. Worried Foley's then sold for $4,300,000. (Lazarus also got an option on another site tagged at $1,250,000, talked Woolworth's into buying it for $3,000,000.) With Foley's he plans to test his newest theory that department stores must mechanize or operating costs will zoom when the current abnormal volume falls...