Word: borge
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Dates: during 1960-1969
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...crowd face cuts in remuneration. George Shultz says that he will be making a "very substantial sacrifice" when he resigns as Dean of the University of Chicago Graduate School of Business to become Secretary of Labor. He will also have to give up income from directorships of Borg-Warner, the General American Transportation Co., and the Stein, Roe and Farnham funds. To become Secretary of Agriculture, Clifford Hardin will receive the same base pay of $35,000 that he has been drawing as Chancellor of the University of Nebraska, but he loses his free residence...
...increasing demands for shelter, many big corporations are devising cost-cutting ways to snare a share of the market. Urban Systems Development Corp., a newly formed subsidiary of Westinghouse Electric, is building a project of 100 town houses in Montgomery County, Md. Crane Co. is building whole bathrooms, and Borg-Warner has devised a bathroom-kitch-en module for use in slum rehabilitation. Both United States Gypsum and National Gypsum Co. have experimented with rehabilitation, and U.S.G. branched out earlier this year by investing $1,000,000 in a Memphis firm that aims to build large projects of low-cost...
...with his brother Edwin bought Sun Valley from the Union Pacific in 1964, turned it around from a has-been resort to a year-round success and favorite Christmas camping ground for the Kennedy clan. Even before Snowmass opened, house lots were bought by Fairchild Camera President Richard Hodgson, Borg-Warner Chairman Robert Ingersoll and Defense Secretary Mc-Namara (whose $75,000 private lodge has already been completed). The last 40 of the 104 lower-priced condominiums ($17,000 for a studio-efficiency) were sold out in 24 hours...
After Charles Sr. Responsible for this showing are Charles Jr., 61, now chairman (the founder died in 1939), and Alvin A. Borg, 63, who is president. They have made the stores largely self-service and have constructed some Super Centers with as much as 30,000 sq. ft. of selling space...
Robert S. Ingersoll, Chairman, Borg-Warner Corp...