Word: allene
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Dates: during 1950-1959
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Last week Boeing Airplane Co. was also flourishing. Under Bill Allen's careful tending, the company backlog has grown to almost $2.5 billion, the biggest in the industry. Sales in 1953 hit $900 million. Profits last year soared to $20 million, more than any other U.S. planemaker...
...Question. With a model already built, Boeing has won itself a long head start on the rest of the industry in the jet transport race. The credit goes to Boeing's brilliant corps of engineers and to Bill Allen, the dry, deceptively plain lawyer who became Boeing's president (and custodian of the cactus) in 1945. Allen is the man who gave the final go-ahead for Boeing to spend $20 million on the 707, gambling that he could sell it to the Air Force and the airlines. With Air Force orders in the offing, Bill Allen...
...airlines are not anxious to switch to jets, since they have just invested some $250 million for new fleets of prop-driven planes. But with Boeing's 707, the pressure is on: the first big U.S. airline to buy the 707 will force the others to follow. Bill Allen is betting that he gets that crucial order. While his new jet will cost upwards of $4,000,000 v. $1,850,000 for a Douglas DC-7. Allen thinks the 707 will pay off. Its greater size and speed will enable it to do 2½ times the work...
From Bill Boeing's first 75-m.p.h. seaplane in 1916 to Bill Allen's 707. Boeing has turned out 22,500 planes of more than 200 different types. In the '20s and '30s, Boeing's name was on some of the world's fastest pursuit ships and bombers. Boeing pioneered today's streamlined all-metal transports, built the famed four-engined Boeing "Clippers," the first for regular transatlantic service. Betting its pocketbook on performance, Boeing has sometimes lost money. But on such bombers as World...
...Trouble Lies Ahead." For a year after Johnson's death. Boeing searched the U.S. for a new boss. As Boeing lawyer and a director, Bill Allen led the hunt. Finally, in desperation, Boeing's board tried to convince Allen himself that he was the man for the job. He was no airman, but he knew Boeing's finances inside out. Allen was stunned, did not even want the job. In his diary he listed his misgivings: "AGAINST-1) I do not feel I have the qualifications. That's the all-compelling reason. 2) Trouble lies ahead...