Word: alcoa
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...customers include the likes of A T & T, IBM, GE, INA, Alcoa, Mead, Singer, Monsanto, Borg-Warner. Eight times a year their top powers-chairmen, presidents or vice presidents -get together for a day in Diebold's offices. In these meetings they exchange information on how their own companies are trying to anticipate and respond to the many minirevolutions in the country. Diebold preaches a message: "Don't wait for the activists to come forward. Go out and meet them at least halfway, and maybe more than that...
...primary customers remain, not modest experimenters with alternative energy sources, but 49 industrial giants based in the Southeast, including Union Carbide, Alcoa, and Reynolds Aluminium. Under special arrangements, these industrial consumers receive electricity from TVA at discount rates, while small consumers pay full rates. This means that the small consumers effectively subsidize the energy consumption the industrial giants, which in the case of Union Carbide, for example, goes toward operating uranium enrichment plants that seriously threaten local environments...
...stinging like a bee at the conferences, goes back a long way. It is grounded in his wealth; he did not need to build for a living. The son of a well-off Cleveland lawyer who handed over to him a bundle of stock in a new company named Alcoa, Johnson lives in a manner unrivaled by many architects since the days of the gentlemen dilettanti of Georgian England. He maintains several buildings for his personal use, most of them in a rolling park in New Canaan, Conn., including an underground culture bunker for part of his private collection...
There are richer men in the U.S., but Mellon's wealth is nonetheless so vast as to be scarcely understandable in ordinary terms. The value of his stocks, bonds and other measurable holdings−particularly in family-dominated companies such as Gulf Oil, Alcoa and Koppers−is probably well over $400 million. But there is no way of putting a figure on his other possessions: the 4,000-acre estate in Virginia, the retreats on Antigua and Cape Cod, the town houses in Manhattan and Washington, D.C., the stables of racing horses in the U.S. and Britain...
Since 1973 the price of aluminum has jumped from 25? per Ib. to 53?. The gap between supply and demand, some industry leaders assert, will drive the price considerably higher, at least to 60? by the early 1980s. Earnings of the big four, Alcoa, Alcan, Reynolds and Kaiser, which control nearly three-quarters of the U.S. market, have climbed sharply. With considerable understatement, W.H. Krome George, chief executive of Alcoa, says, "For once in our life we have been fairly lucky. Things are rolling along pretty good...