Word: royed
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...luck and bad judgment, A.M.C. lost $73.8 million in its past two fiscal years. Its own accountants warned that the company's ability to stay in business depended partly on whether it could repay or extend bank loans that fell due in early 1977. By the time Chairman Roy Chapin Jr. faced stockholders at the annual meeting last week, that crisis had passed. Chapin told the group that A.M.C. could break even in fiscal 1977. But all auto-industry forecasts may have to be revised because of the impact of layoffs forced by cold weather and fuel shortages...
...cause of this latest rumble is the U.M.W.'s presidential election, which is scheduled for June. In a three-way campaign that is already getting heated, Miller is running for re-election against Union Secretary-Treasurer Harry Patrick and U.M.W. International Board Member Lee Roy Patterson. Patrick, 46, a voluble, fiery fourth-generation miner from Monongah, W. Va., ran with Miller on the reform ticket in 1972 and represents the progressive wing of the union. Though he came to office without bookkeeping experience or a high school education, he is credited with putting the U.M.W.'s ledgers...
...Joseph McCarthy. Boyle, 40, stars as the Red-baiting chairman of the Senate Permanent Subcommittee on Investigations in NBC's Feb. 6 movie, Tail Gunner Joe. The film, which also features Burgess Meredith as Lawyer Joseph Welch, Patricia Neal as Senator Margaret Chase Smith and George Wyner as Roy Cohn, spans McCarthy's life from his teen-age years to his death in 1957. The title comes from a bizarre publicity stunt staged during his World War II Marine days. To look like a hero back home, McCarthy engineered news photographs of himself pretending to be a tail...
Saxe's attorney, Nancy Gertner, said yesterday, "We made a good deal. Facing a practical choice, we made a practical decision." Saxe was scheduled to go before Judge James Roy, who Gertner said, "has no reputation for compassion...
Some good news on the Mall front, Roy Ayers is moving in at the end of January for a five day stint...