Word: astors
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Dates: during 1960-1969
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Great wealth prompted them to maintain a social structure as exclusive in its way as Mrs. Astor's, to whose balls they were of course never invited. Manhattan from the East 60s to the East 80s was their principality; Elberon. N.J., a summer watering place, became known as the Jewish Newport. Familiengefühl (family feeling) was their religion: the Seligman social calendar registered 243 anniversaries a year...
...will quickly merge with Thomson's meaty, immensely profitable Sunday Times (circ.: 1,360,320) to form Times Newspapers Ltd. No cash will change hands, but Roy Thomson, whose empire is already worth $300 million, will get 85% of the stock. The remaining 15% will go to Gavin Astor, 48, current scion of the Astor family, which has owned the Times for the past 44 years. He thus gets a stake in a far stronger corporation and becomes its lifetime president...
...Absolute Freedom." Neither Thomson nor Astor will completely control the eleven-man board, which will hire and fire editors. It will consist of the editor in chief, the general manager, two Astor men, three Thomson men, and-at the fulcrum-four "independent national figures" to be approved by both partners. Though Thomson will not be on the board, his son, Kenneth, 43, will be vice chairman. Said Thomson, who, like the U.S.'s Sam Newhouse, reads balance sheets much more avidly than editorial pages: "All my life, I have believed in the independence of editors, and the new editor...
...rector title to all wrecks and whales washed ashore on Manhattan. Early communicants included Alexander Hamilton, who is buried in the graveyard, George Washington, and even Pirate William Kidd, whose affiliation is commemorated by a plaque in the luxuriously carpeted vestry room. Later, such wealthy worshipers as John Jacob Astor contributed more marketable assets than whales to Trinity. Today, a vestry that includes New York Stock Exchange President Keith Funston and George A. Murphy, board chairman of the Irving Trust Co., carefully shepherds an investment portfolio that helps pay the salaries of a 150-man staff, including 25 priests...
...roster would be long, studded with such names as Teller, Oppenheimer and Waksman. Another set of latter-day heroes are physicians, whose list would include Drs. Fleming, DeBakey, Salk and Paul Dudley White. Among businessmen, only Henry Ford has achieved anything like heroic dimensions, although such magnates as Astor and Carnegie were heroes to their day. The values of commerce, no matter how much they may accomplish, are the antithesis of the traditional values of glory...