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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Oct 28, 1976
Page
6
AP analysis notes the rise of an office of the presidency in mid-1950s corporate practice, with three or more executives sharing top duties. Critics say the arrangement aims to reassure investors with pluralistic decision making, though its effectiveness remains debated.
Scholar Eugene Jennings argues the office of the president serves to manage internal pressure and succession politics rather than improve governance. Since 1948 the practice peaked 1968 to 1973 with about 23 firms. now only four remain from that era, as executives create the role to control power or sidetrack efficient management.
New York AP reports late market quotes from the New York Stock Exchange with indices and per stock Last prices. The Dow Jones and sector leaders show mixed changes with gains in utilities and financials offset by declines in some industrials and energy names.
Scottsdale shop owner Bola Bill Kramer gained international attention after a Buenos Aires Herald feature. The piece notes his 7051 Fifth Ave store offerings including a turquoise buffalo skull in sterling silver and a mother of pearl and jet chief’s head priced at 365 and 40 dollars respectively. Other items cover retirement milestones, promotions, and hires across Phoenix Scottsdale and Mesa firms.
London gold at 122.50 up 4.75 per ounce. IMAM Dec gold 125.10 up 5.00. Dec silver 4.29 and 5 ten thousandths up 0.8 cent. Dec copper 56.1 cents down 1.3. Dec wheat 2.7142 down. Dec corn 2.5134 down 6.2. Nov soybeans 4.573 down 13.12 cents. Dec meal 185.30 down 2.60. Dec oil 22.12 cents down 0.3. Live cattle 40.40 down 0.75. Live hogs 31.27 down 0.63. Feb pork bellies 47.15 down 1.30. Dec eggs 67.25 cents up 0.1. Plywood 169.70 up 1.30. Dec cotton 2.30 cents. Sugar 8.32 down 0.16.
New York investors saw the Dow Jones average slip back to 956.20 by mid afternoon, up 0.08 from the prior close. Advances held a slim 6-5 edge over declines on the NYSE as volume stayed light at about 11.8 million shares.
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