Word: railroads
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Warren always remembered what it was like to be in the little fellow's place. His father, an immigrant from Norway (the original family name was Varran), was a railroad worker in Los Angeles when Earl was born. The elder Warren joined the American Railway Union and was blacklisted in 1894 when he went on strike. He moved the family to Bakersfield, where he got a job and began working his way up the economic ladder to the comfortable perch of prosperous landlord. But young Earl had a keen understanding of the workingman's problems. As a teenage...
...earnings reports. Four SEC complaints have been filed against Peat, Marwick, Mitchell & Co., onetime auditor of such tarnished firms as Penn Central and National Student Marketing and a giant of the profession (it recorded worldwide billings of $370 million in 1973). Last week Walter E. Hanson, 48, a former railroad accountant and senior partner (chief executive) of Peat, Marwick since 1965, moved to restore confidence by volunteering to have his company's procedures audited by colleagues from competing firms...
...fatigue, Fischer's trip had its compensations. "The Arab tradition of hospitality," he says, "is alive and well. When we arrived at Sidi Jabir railroad station in Alexandria, members of the press were each presented with a fresh flower by gracious Egyptian girls. At the Alexandria Sporting Club, we were plied with Arab pastries and cool glasses of lemonade." Egyptian crowds all along the route cheered wildly for the two Presidents and directed huzzas at the press corps riding by-until recently a rare experience for Americans in Egypt...
Expo 74 is devoted to "celebrating tomorrow's fresh new environment" -and environmental planning had to begin at home. A tangle of railroad tracks, trestles, unsightly warehouses and a Skid Road in a 55-acre central city area were cleared for the Expo 74 site. Ramshackle structures on two islands in the Spokane River were also razed, and the polluted river was cleaned up so that now, surging green and foamy through the fair site, it is a major at traction, complete with falls that can be crossed by overhead gondolas...
...Establish a doctrine that "outside" directors of a company (directors who are not company officers) must be alert to any suspicion of fraud. The SEC claims that three outside directors of Penn Central&* "had reason to know" that managers were misrepresenting the railroad's financial condition, but wrongfully kept quiet...