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Inflation / General Motors Corporation Plans #257923

CBS Evening News for Friday, May 19, 1978
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(Studio) GM's announcement that Carter administration can count on its help in fighting inflation reported.
REPORTER: Walter Cronkite

(Detroit, Michigan) GM's announcement of intentions to cooperate with President Carter's anti-inflation program, made at annual stkholders. meeting detailed. [GM chairperson Thomas MURPHY - states plans to limit raises for top execs. and total officer group. Talks about role of labor in fighting inflation.] UAW (United Automobile, Aerospace and Agricultural Implement Workers of America) reaction that this is General Motors Corporation publicity stunt noted. [UAW pres. Douglas FRASER - cites increase in Murphy's salary if it were limited to 5% over last year's salary.] Protests against GM's South Africa operations, held outside stkholders. meeting, described.
REPORTER: Don Webster

Cronkite, Walter;
Webster, Don

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