RENEGOTIATION: 5% Is Enough

Cleveland's Jack & Heintz (Jahco) last week put their circus touch on lobbying. Bill Jack, Jahco's brass-lunged president, invited 525 Senators and Representatives to dine at his expense in Washington's swank Mayflower Hotel. He wanted to: 1) explain Jahco's renegotiation troubles (TIME, Jan. 24); 2) make a proposition.

About 80 Congressmen— and some 180 free riders—sat down with tieless, sport-shirted Bill Jack, ate seafood cocktail with Russian dressing, tiny brown-bread-&-cheese sandwiches, terrapin soup, breast of capon and Virginia ham, potatoes au gratin, lettuce and grapefruit salad, ice cream, demitasse. Well-fed—a few grumbled...

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