Word: armours
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Dates: during 1950-1959
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...William Wood Prince, whose job is guiding a $100 million fortune, gets little out of it but hard work. He is chairman of five boards of directors, president of twelve companies, a director in 16 others, as well as steward for a $3,800,000 stock interest in Armour & Co. Last week Billy Prince, 43, added another chore: he was elected president and chief executive of $468.3 million Armour, world's second biggest meat packer (first: Swift), succeeding Frederick W. Specht, 67, who remains board chairman...
...that he wanted to adopt him and change, his name, so that a member of his family could carry on. Billy accepted, took over an empire that included the, Chicago Union Stock Yards. Chicago Junction Railway, Live Stock National Bank. Stock Yard Inn. International Amphitheater, and stock interests in Armour and other companies. But when Cousin Fred died at 93 in 1953, he did not leave Billy a cent in cash. Instead, he turned over his estate* (annual net before taxes: above $5.000,000) to Billy to run as its salaried co-trustee with Bostonian James F. Donovan...
Director Prince's needling inventiveness has also helped make money for Armour, pushed its pharmaceutical and chemical divisions (Dial Soap, Chiffon Liquid detergent, anhydrous ammonia, soluble dried blood for plywood glue, etc.). But Prince wants 89-year-old Armour to diversify even more, recently said: "At Armour we're on the edge of a new era. I'm not selling Armour stock. I'm buying." Billy Prince hopes to usher in the new era himself...
...Among them: Alcoa's I. W. Wilson, Armco Steel's R. L. Gray, Armour's F. W. Specht, Crucible Steel's Joel Hunter, Firestone's Raymond C. Firestone, IBM's Thomas J. Watson Jr., Motorola's Robert W. Galvin, Radio Corp. of America's John L. Burns, Tidewater Oil's D. T. Staples, Westinghouse's Gwilym A. Price...
...containing such acids. All use safflower oil, which contains about 80% linoleic acid, is extracted from seeds of a thistlelike plant long grown in Africa, India, the Middle East. First marketers: San Francisco's Safflower Products Corp. (Saffola), North Chicago's Abbot Laboratories (Saff), Chicago's Armour Laboratories (Arcofac). Saffola is offered as a salad or cooking oil; the others are emulsions to be taken as medicine...