Word: board
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Dates: during 1950-1959
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...years Anaconda Co. was the press lord of Montana, owning seven dailies* in five of the state's major cities. Last week Anaconda's Board Chairman Clyde Weed announced that the company aimed to sell all seven papers. Behind the decision is the story of how Anaconda bought newspapers to consolidate its hold on Montana, came to discover that they were doing the company more harm than good...
Some 2,000 of the nation's top businessmen who gathered in Manhattan last week at the meeting of the National Industrial Conference Board took their annual look at the state of the U.S. economy. Their report was still another confirmation that the U.S. is in the early stages of a new boom. The businessmen thought that a steel strike might slow the economy's pace somewhat in 1959's second half, but not enough to take the zip out of industry-or prevent it from hitting new peaks in many important sectors...
...Ride It Out." Every investment decision and matter of importance is left to Robinson and the other four trustees, with help from the six-man advisory board. In the tradition that the trustee shares in the rewards he brings to others, they are among the best-paid men in U.S. industry. Vice Chairman Kenneth Isaacs, Robinson's righthand man and the president of the Growth Stock Fund, made $360,989 last year. The junior trustee made more than...
...with hardly a change in its portfolio; it simply put new cash into Treasury notes as a defensive measure. In that year, Dwight Robinson was rewarded for his work by being moved up to trustee. In 1954, when Merrill Griswold moved up to honorary chairman of the advisory board, Robinson slipped into his chair to guide M.I.T. through its greatest period of growth. In four years the fund has nearly doubled in size...
...Sheik Abdullah Tariki, 40, and Sheik Hafiz Wahba, 69, were elected directors of the Arabian American Oil Co., first Saudi Arabians to go on the board. Aramco had agreed five years ago to add Saudis to the board, but they did not seem interested until Tariki began his campaign for more say in running the company (TIME, April 27). Tariki, who holds a master's degree in oil engineering from the University of Texas, has steadily campaigned for a bigger cut in Aramco's profits. He wants to force it to become an integrated company in hopes...