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...Amidst the third-quarter earnings reports and stock-split announcements last week there was a standout: Westinghouse Electric Corp. With the company's nine months' earnings soaring ($3.17 per share v. $2.79 in 1958) on only slightly higher sales than last year, its directors recommended a two-for-one stock split, boosted the annual dividend rate from $2 to $2.40. For Westinghouse, the nation's oldest (73 years) and second largest electrical equipment maker (first: General Electric), the split climaxed a three-year drive to reorganize the company and recover from a crippling five-month...

Author: /time Magazine | Title: Business: Profits & Effects | 11/9/1959 | See Source »

...Advanced Standing was (and still is) charged with the responsibility of approving all proposals for the individual workshops. Meanwhile, it delegated much of its straight administrative work to the Office of Advanced Standing. And upon this office has now devolved the job of maintaining some semblance of order amidst the welter of different, and sometimes conflicting, ideas that surround the Freshman Program Byron R. Stookey '54, Associate Director of this office, describes its work as that of "stimulating interest in this kind of undertaking, of finding people willing to do it, of talking over credit arrangements, of creating space...

Author: By John R. Adler and John P. Demos, S | Title: Freshman Seminars: A Hunt For Intellectual Excitement | 9/21/1959 | See Source »

...this point another important leader in the Boston area likewise retired from office. The Reverend John Thornton Kirkland closed out 18 years as President of Harvard, amidst great financial embarrassment, and the Corporation looked for a new President with a mind for business. In the recently-retired Mayor they found a likely candidate. Although some Overseers opposed the nomination--Quincy was only the second non-clerical President in the College's 200-year history--he was elected January...

Author: By Claude E. Welch jr., | Title: Josiah Quincy and His School for 'Gentlemen' | 9/21/1959 | See Source »

...been barred from membership in New York City's fashionable West Side Tennis Club (in Forest Hills, Queens) because of his race (TIME, July 20). Club President Wilfred Burglund, the Manhattan public relations man who had told Bunche that the club excludes Negroes and Jews, resigned last week amidst public clamor for his singed scalp. Then the club's governors were moved to announce: "It is the policy of the club to consider and accept members without regard to race, creed or color." But Dr. Bunche had no plans to push Ralph Jr. through the West Side...

Author: /time Magazine | Title: People, Jul. 27, 1959 | 7/27/1959 | See Source »

Unleashed, the chain reaction of violence had one more stage to go. Next day. Guayaquil's slum dwellers, bitter over their poverty amidst Ecuador's growing prosperity (TIME. Feb. 23). came out looting, burning, battling soldiers for another night before martial law and exhaustion put an end to the outbreak that resentful Draftee García unwittingly touched...

Author: /time Magazine | Title: ECUADOR: Violence in Three Stages | 6/15/1959 | See Source »

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