Word: better
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Dates: during 1940-1949
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...tiny Kemmerer, just about everybody bought on credit, hence paid high prices. Jim Penney had a better idea: cash on the barrelhead. More important, at a time when most small-town retailers firmly believed it was good business to make a big profit on small volume, Penney subscribed to a still revolutionary idea; he wanted to make a small profit on each item, thus build big volume and a big profit...
...mandatory retirement age: 70). Franklin had started on a freight platform in Philadelphia in 1906, worked steadily up through the freight division. He left the Pennsy three times-twice to become president of other railroads (Wabash and the Detroit, Toledo & Ironton). Each time he returned to a better job with the Pennsy. In 1948 he was made executive vice president...
Franklin is not too hopeful about the immediate future of his railroad. He expects Pennsy's 1949 freight volume to fall 15% behind 1948, but anticipates better things by the end of 1950. He will not be president for long after that. Railroaders guessed he will be moved up when Clement leaves the chairmanship and Operating Vice President James M. Symes (rhymes with whims), 51, will take over the throttle. An up-from-the-ranks man also, Jim Symes has great visions of the Pennsy's future, once hopefully proclaimed: "The railroads have a potential travel market that...
...Army's aviation cadet training program by his superior, Claire Chennault. When World War II came, stubborn Squeaky Burwell got his chance to fly in combat and as a transport pilot in China. One day he found among his passengers General Claire Chennault. "Brother," said Burwell, "you better get out. It's going to be a rough ride...
...Rubber Co.'s industrial relations. In a few crisp words, Cy Ching gave the 400 assembled U.S. executives plenty to think about. He said he would probably be called pro-labor for saying it, but in the labor disputes he has sat in on, "labor is always better prepared with facts & figures than management." Often the people who represent management "do not know what the score...