Word: alcoa
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Dozens of other companies have similar programs, including such corporate giants as General Motors, IBM, International Harvester, Alcoa, U.S. Steel and Ford Motor Co. American Telephone & Telegraph Co. has put 1,800 executives through its four-year-old management training center in Asbury Park, N.J., offers additional training for thousands of executives among its far-flung subsidiaries. Most companies see to it that their executives get courses closely related to business, but a few have bravely plunged into more cultural territory. Bayuk Cigars Inc. (Phillies, Websters) gives its executives courses in anthropology and art, is planning-to add a course...
Potent Arm. Mayor Lawrence appeared on the municipal scene just when Financier Richard K. Mellon (Mellon National Bank, Gulf Oil, Alcoa) and a platoon of lesser tycoons were preparing to rip their dowdy old city apart and rebuild it. Lawrence proved to be a valuable political ally. He ordered strict enforcement of smoke-control ordinances, pressured Democrats at Harrisburg and Washington to pass laws and approve appropriations that helped build new roads, bridges and dams. His reward: the business community's gratitude. Four years ago Lawrence's Republican opponent was not even invited to participate in the face...
...opened the week with the biggest one-day break since 1955. The Dow-Jones industrial average plummeted ten points to 423.06, lowest level since May 1955. Every major group took a beating in the slump, with drops in such stocks as Du Pont, American Telephone & Telegraph, Bethlehem Steel, Goodyear, Alcoa and all but three of the 25 rails...
...beam their shows at the all-important mythical twelve-year-old mind. There are exceptions of course: "Twentieth Century," a new documentary series, is one. The Prudential Insurance Company recently cancelled a commercial so that the effectiveness of a dramatization of Winston Churchill's life would not be impaired. ALCOA and U.S. Steel are disinterested sponsors who usually do not attempt to interfere with the program...
...greatest bull market of all time weakened and fell in the last three days to end the week at 433.83 on the Dow-Jones industrial average, the lowest point in 2½ years. All told, 263 stocks, among them such blue chips as Du Pont, General Motors and Alcoa, reached new lows for the year...