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...will want a hand in running the company to help determine how large profits shall be. The companies also feel that one big advantage of profit sharing-creating an incentive for employees to work harder-is not to be had in the auto industry, where workers are bound by stringent, union-enforced work rules...

Author: /time Magazine | Title: Autos: Zeroing In | 9/8/1961 | See Source »

Hughes's control of TWA began to slip last year, when he ran into trouble with a $165 million financing plan to pay for jets. New York's Irving Trust Co. and Equitable Life finally agreed to lend TWA the money, but only on stringent conditions: Hughes was obliged to place the 78% of TWA's stock owned by Hughes Tool Co. under the control of a voting trust composed of former Ford Motor Co. Chairman Ernest Breech, former U.S. Steel Chairman Irving S. Olds, and Raymond M. Holliday, chief operating officer of Hughes Tool...

Author: /time Magazine | Title: Business: Turbulence at TWA | 8/18/1961 | See Source »

Mauldin's originality hatches only after the most stringent of professional routines, of which the morning parboil is but a part. Four hours of preparation, four hours of execution go into each cartoon. Arriving at his cluttered Post-Dispatch office about 10 in the morning, Mauldin reads the freshly printed city edition for the current news. Within the hour, he has submitted, half anxiously, half belligerently, a rough pencil sketch of his idea to Editorial Page Editor Robert Lasch. The two have a smooth working relation. "Bob," says Mauldin, "is like a good cop, there to protect...

Author: /time Magazine | Title: The Press: Hit It If It's Big | 7/21/1961 | See Source »

...Tall. Buntin's minicab, and others like it, are pitted against 6,600 time-tested dinosaurs of the London taxi world. What arouses the ire of the traditional cabbies is that minicabs are operating without taxi licenses and thus can ignore the stringent regulations that made a London cab 1) expensive to build and 2) one of the world's ugliest but most comfortable vehicles. Some of the regulations, as laid down in the ancient Metropolitan Carriage Act of 1869: each cab must be 14 ft. 11 7/16 in. long, big enough to seat five persons comfortably, high...

Author: /time Magazine | Title: Great Britain: The Battle of Belgrave Square | 4/7/1961 | See Source »

Aware that Hickman's stringent practice demands were depriving the players of freedom to pursue off-season academic and extra-curricular interests, Griswold decided to abolish spring practice at Yale. He announced the unilateral move to the seven other Ivy presidents at a meeting of the Ivy League Policy Committee...

Author: By James R. Ullyot, | Title: What About Spring Football Drills? | 3/17/1961 | See Source »

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