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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 16, 1977
Page
6
In the fourth column John Cunniff notes widespread discontent with private enterprise. Critics fault executive perks and large pay, while moral concerns rise after bribery and payoffs scandals. Job creation statistics are cited but fail to ease public unease.
The piece discusses flaws in business culture from pollution to consumer neglect and highlights efforts to involve workers in ownership and decision making. It cites Louis O. Kelso’s ESOP model, the Youngstown steel mill project, and nonprofit initiatives like the Work in America Institute aimed at boosting productivity through broader participation.
Wall Street quotes show the Dow Jones Industrial Average around 817.48 with utilities and transports modestly up while a broad list of NYSE issues reports mixed late prices. Among names touched are AbbiLb AmF ASA and Alcoa with varied gains and losses reflected in the afternoon tape.
Closing quotations for gold, coffee, cocoa, sugar, silver, copper, wheat, corn, soybeans, soybean meal, live cattle, live hogs, pork bellies, and cotton are listed with current prices and daily changes. Market not closed.
Merritt Lynch reports Arizona focused firms on the New York and American Stock Exchanges. Values shown include banks Valley National Bank and Arizona based corporations with percentages and prices from 1994 snapshots.
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