Word: aikman
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Dates: during 1960-1969
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M.T.A. officials vow that, given time, they can yet turn the ragged line into a modern system. That is possible; the Budd cars are a joy to ride in, when they are working. But the immediate prospect is for more trouble. Last week the M.T.A. pushed L.I.R.R. President Frank Aikman Jr. into early retirement, provoking charges from many commuters that Aikman is being made a scapegoat for the mistakes of Dr. William J. Ronan, the M.T.A. chairman, who is staying on. Aikman was replaced by Walter L. Schlager Jr., an executive from the New York City subway system. Harold...
Capricious Tastes. Tobaccomen have not taken the cancer scare as lightly as their customers have. They are branching into different tobacco markets and diversifying into new products. Last week Lorillard hired Consultant Walter M. Aikman, 37, to head a new acquisitions department. Liggett & Myers held a special stockholders' meeting to change bylaws in order to allow diversification, and American Tobacco said it was "seriously studying a number of companies." At the same time, the industry is expanding into the tobacco business in foreign countries, where growth is faster and doctors are quieter. Lorillard is rolling its Kents and Newports...