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Died. Richard Prentice Ettinger, 77 co-founder of Prentice-Hall, Inc., who parlayed a manuscript and a promise of credit into a publishing empire worth more than $120 million in yearly sales; of heart disease; in Miami Beach. Ettinger began as a $4-a-week law clerk for Charles W. Gerstenberg, who in 1913 wrote a book on corporate finance. The two formed Prentice-Hall, Inc., talked a printer into publishing the book on credit, and thereafter concentrated on business and educational material. Once they found themselves stuck with thousands of copies of a volume on federal taxes; changes...
...heavyweight Gold Medal?even though he had to fight through three rounds of his final match with a broken thumb. Returning home penniless and with a heavy cast on his hand, he was unable to work for six months and had to live off his wife's $60-a-week salary as a factory worker. In desperation, he took a job as a janitor in the aptly named Bright Hope Baptist Church of North Philadelphia. The pastor, it happened, had some wealthy acquaintances. Through his intercession, a syndicate called Cloverlay Inc., headed by F. Bruce Baldwin, a Horn & Hardart executive...
...little-known Perenchio get that kind of money? And how does he plan to turn a profit? Perenchio put up none of the cash pot himself, but instead found a 24-carat backer. Jack Kent Cooke of Los Angeles. Millionaire Sportsman Cooke, now 58, had parlayed a $24-a-week job as manager of a radio station in Canada into an empire of radio stations and cable-TV companies. Today he also owns the Los Angeles Lakers (basketball) and Kings (hockey), and is part owner of the Washington Redskins (football). Cooke made a deal with Perenchio...
...Those affected by "The New Face of Unemployment" [Nov. 2] deserve our sympathy. My sympathy is restrained, however, with regard to the recent male graduate of Columbia College whom you describe as forlorn because his $45-a-week unemployment compensation is running out. He is forced to live with his mother in order to meet car payments, and after 100 interviews for positions in journalism, advertising or public relations, he is still jobless. I suggest he take a typing and shorthand course and seek a job as a secretary. Female college graduates have been told for decades that...
...last January while he was still a senior at Chicago's Columbia College, seeking any possible position in journalism, advertising or public relations. Some 100 interviews later, he is a veteran of the jobless rolls, living with his mother and struggling to meet monthly car payments. His $45-a-week unemployment compensation runs out in December. "It is frustrating, it is maddening," he says. "I went to school four years to learn a profession, and still I cannot get a job. I had to graduate from college in order to be unemployed." He is beginning to wonder...