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...Splitting along party lines (three Democrats to two Republicans), the Civil Aeronautics Board rejected a merger proposal by Eastern and American airlines to form the nation's largest domestic airline. Says CAB Chairman Allan Boyd: "The risk of concentrating so much power in one airline outweighed the benefit the merger might have had for American and Eastern." The refusal left Eastern in a grave financial state. Faced with withering over-competition and crippled by a recent flight engineers' strike, it has suffered a pretax loss of $60.3 million in the past three years, including...

Author: /time Magazine | Title: Aviation: Blocking Air Mergers | 6/28/1963 | See Source »

...William Allan Patterson, president. United Air Lines...

Author: /time Magazine | Title: A Letter From The Publisher: may 31, 1963 | 5/31/1963 | See Source »

Having been fooled once, many of them take refuge in the safety of "cautious optimism"-but the accent is on optimism. William Allan Patterson. 63, the breezy former banker who heads United Air Lines, feels "a great weight lifting from my shoulders" as a result of the economy's pickup. Metropolitan Life Insurance President Gilbert Fitzhugh, 53, who puts in an 80-hour week investing the insurance savings of 44 million Americans and Canadians, thinks that nowadays "individual businessmen are more optimistic than the economists." John F. Gordon, 63, an Annapolis-trained engineer who climbed the corporate stairs...

Author: /time Magazine | Title: The Economy: New & Exuberant | 5/31/1963 | See Source »

...Allan E. Walker '64, of Adams House and Washington, D.C., who wasn't even on the varsity tennis team when this season started, has been named captain of the team for next year...

Author: NO WRITER ATTRIBUTED | Title: Tennis Team Picks Walker Varsity Captain for 1964 | 5/22/1963 | See Source »

...pundits suspected that she would gain a Cabinet post, few thought that she would receive one as important as the Health portfolio. Expected appointments from she "old guard" were Lionel Chevrier (Justice), Paul Martin (External affairs), J.W. Pickersgill (State Secretary), and Walter Gordon (Finance). Maurice Lamontagne (Privy Council President). Allan J. Mac Eachen (Labor) and Paul Hellver (Defense) are notable representatives of the youthful "new guard...

Author: By Ronald I. Cohen, | Title: The Canadian Election | 4/27/1963 | See Source »

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