Word: board
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...sending out bad news to the stockholders in recession year 1958, U.S. corporations voluntarily shouldered a heavier share than ever of the massive costs of U.S. higher education. In its biennial survey of 352 representative companies, the Council for Financial Aid to Education (chaired by Irving S. Olds, former board chairman of U.S. Steel) reported this week that last year's corporate gifts to colleges were up 23.5% from 1956. Unrestricted gifts, the educators' favorite type, led the list with 34% of the total, and even a few red-ink companies kicked in. But the council hopes that...
...graduates (including Dwight Eisenhower) on what changes they thought should be made. The alumni came up with a good many provocative ideas, e.g., women instructors, but agreed on little. West Point then called in a panel of consultants headed by Dr. Frank Bowles, president of the College Entrance Examination Board, who urged 1) some elective courses, 2) more humanities and 3) more specialization in the upper classes. "The problem is where to put it in the curriculum," said Bowles, who estimates that revisions will go on gradually for the next five years...
...effects of the Treasury's reliance on short-term borrowing in the midst of an overall tightening of the money supply (TIME, Aug. 31) were readily apparent. By drawing $1.6 billion in new cash during the last month, Treasury financing-despite Federal Reserve Board buying support-boosted the rate on 26-week Treasury bills to a record 4.15%. The yield on most long-term Government bonds was more than 4% for the first time since the 1930s, and some yields rose as high as 4.8%. Corporate bond yields also rose; unable to sell their public-utility offerings...
...president and chief executive officer of Eastern, the third-ranking U.S. domestic air carrier (4.4 billion revenue passenger miles in 1958), went Malcolm A. Maclntyre, 51. Under Secretary of the Air Force from May 1957 until he resigned in July. In the shuffle, Rickenbacker, 68, kept the board chairmanship, will also head a new seven-man policymaking committee. Ailing (from a back injury) President Thomas F. Armstrong, 56, will become executive vice president of Eastern with special responsibility for financial matters...
...selecting Maclntyre to take over, Eastern's board of directors recognized the impossibility of finding another chief executive in Rickenbacker's self-made mold. Boston-born Malcolm Maclntyre graduated from Yale ('29), went on to Oxford as a Rhodes scholar and to Yale Law School before joining the Manhattan law firm of Sullivan & Cromwell in 1933. He entered the Army Air Corps in 1942, served overseas with the Air Transport Command, left in 1946 as a colonel. After two years of Washington law practice, he joined the Manhattan law firm of Debevoise, Plimpton & McLean...