Word: atwoods
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President and Chairman J. Leland Atwood, 62, of North American, and Willard F. Rockwell Jr., 53, president of Pittsburgh's automotive-parts-making Rockwell-Standard Corp., announced plans to merge into a new corporation to be known as North American Rockwell Corp. With sales of some $2.6 billion a year, the combine will rank among the top 15 U.S. corporations...
...there is no plum in sight to replace North American's rich NASA contract for Apollo Moon Project hardware, worth $676 million in fiscal 1966 alone. To cushion a potential slide in Government business, which could push total sales down as much as 15% this year, Atwood began making plans to expand "into the commercial and industrial sector." At one point, he made a strong but unsuccessful bid for Douglas Aircraft...
...sales, though Founder and Chairman Willard Sr., 79, got a diversification drive off the ground in 1958, when he bought what is now the company's plane-making Aero Commander division. When Willard Jr. read of North American's plans in the press last September, he invited Atwood to Pittsburgh for talks, met him again a few weeks later on a TIME-sponsored tour through Eastern Europe with other businessmen. Many of the merger details were worked out during a limousine ride through Rumania...
John Leland Atwood, Chairman, North American Aviation...
...Atwood recently won high praise from his faculty when he came to the defense of Emory's controversial Theologian Thomas Altizer, whose death-of-God doctrine outraged Emory's Methodist-dominated trustees. Insisted Presbyterian Atwood about Altizer: "He feels he had an idea worth discussing. He has the right to do so." At the same time, Atwood finds certain qualities in his students that he feels non-Southern schools should envy. "These kids are not bearded ruffians and sloppy kids," he says. "They write thank-you notes after a visit to our house. Now that would never happen...