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Died. Jacques Fath, 42, French dress designer who parlayed a one-room Paris salon into a $2,000,000-a-year business; of leukemia; in Paris. One of the three giants of postwar Paris fashion (the others: Christian Dior and Pierre Balmain), Fath branched into the U.S. market in 1948 with a ready-to-wear line sold in 200 cities by such stores as Lord & Taylor, I. Magnin, Neiman-Marcus...
...Central, Robert R. Young has chopped costs, closed down maintenance shops, and ruthlessly cut the payroll on his railroad. Result: a net profit of $1,100,000 for September. Last week Bob Young laid aside the stick in favor of the carrot. To the Central's $100,000-a-year President Alfred Perlman, Chairman Young offered a stock option deal. Under the ten-year deal, President Perlman will be able to buy 32,000 shares of Central stock at $19.87½ per share, 75? above the current market price; he can buy 20% in two years, another 40% after...
...record margin-went Democratic for the first time since it was remapped in 1932. Before long, G.O.P. state leaders, who had decided that U.S. Senator Robert Hendrickson could not be reelected, were urging Vote-Getter Case to move back into politics. At their urging, Case resigned the $40,000-a-year Ford job last March to make the race...
...business is a model in the trade. Last year it picked a trucker who seemed to fit all the qualifications: Birmingham's John B. Cole Jr., 44. A onetime freight-commission salesman, Jack Cole bought his first truck 20 years ago, built up a fleet of 195 diesel tractors and 285 trailers, a staff of 400 drivers, mechanics and clerks, and a ten-city chain of terminals. But last week Cole's business was anything but a model. In a pay dispute with his drivers, his $6,000,000-a-year business was closed...
John Dwyer, a brawny hiring boss on the brawling New York City dock? (and a prototype of Marlon Brando's movie role in On the Waterfront), quit his $10,000-a-year job last year to fight the racket-ridden International Longshoremen's Association. As vice president of the A.F.L.'s new rival dock union, he won thousands of dock-wallopers away from the I.L.A. But last month the I.L.A. won a Labor Relations Board election (by a scant 263 votes out of 18,551), and thereby held on to control of waterfront jobs...