Word: parentes
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...metal-trades department, who stormed: "If necessary I'll lead [nonstriking craftsmen] through the picket line myself to bust this strike." Back of the San Francisco machinists' sullen defiance was a tradition of autonomy, the conviction that they had the right to act without interference from the parent body. Mr. Frey's threatening attitude just made matters worse...
Courtaulds, Ltd. lost Viscose when it needed it most. Last year when Viscose made $7,885,000, Courtaulds (which owned 96.1% of Viscose common stock) reported only a $6,160,000 profit. This meant that the parent company would have shown a loss of $1,725,000 had it not been for Viscose. But Courtaulds still has an interest in next week's stock sale. Besides making an outright payment of $36,456,000, the bankers promised the British Treasury to try to sell the company to the public within six months, split on a 90-10 basis...
Tuition Plan does no dunning. If a parent fails to pay in a reasonable time, the school is obligated to buy back the contract and then collect as best it can. But among several thousand contracts so far written, Tuition Plan has never had one that failed...
Tuition Plan, Inc. is patterned after commercial installment systems. A parent signs a contract with a school, which sells the contract to the agency, and in return receives its full tuition price at the beginning of each term. Tuition Plan sends the parent a monthly bill (adding 4% for its services), collects the money in eight installments. Chief difference between Tuition Plan and an automobile credit company: if the customer fails to pay, the credit company can repossess his car, but Tuition Plan cannot foreclose on the child...
...last decade, many a parent with reduced income has asked a school to reduce its published rates. So keen is the competition among schools for students, to keep enrollments up to par, that many headmasters oblige-sometimes by granting "scholarships" which are actually no more than cut-rate prices. Rudolf Neuberger's system makes it possible for headmasters to offer an easy-payment plan without cutting tuition fees...