Word: buildings
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Dates: during 1960-1969
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...build a typical Hollywood set somewhere in Florida, with a nice 10,000-ft. airstrip and an air terminal with a big sign reading HABANA splashed across the front of it, staffed with a group of Miami Cubans making like Havana Cubans, guns and all? Our airliners could land there in confidence...
...presidential oratory?but he did it in personal, vivid terms: "We need the energies of our people, enlisted not only in grand enterprises, but more importantly in those small, splendid efforts that make headlines in the neighborhood newspaper instead of the national journal. With these, we today can build a great cathedral of the spirit, each of us raising it one stone at a time, as he reaches out to his neighbor, helping, caring, doing...
Italy also has very little coal or iron. When, in 1947, some Italian leaders requested a World Bank loan to build a steel industry, the bankers rather snidely advised them to stick to growing tomatoes. But Industrialist Oscar Sinigaglia, then head of the state-owned Finsider steel complex, landed a big order from Fiat and went on to locate his mills at ports, where ships bring in coal and steel from the cheapest foreign sellers. Finsider is now Europe's biggest steel producer, and last year Italy's output rose from 17.4 million tons to 18.7 million, fifth...
...military career in 1899 and founded, with partners, Fabbrica Italiana Automobili Torino.* After some early hard times, Giovanni took personal control. Soon Fiat prospered on the strength of racing successes. It absorbed many early rivals and moved from artisan to assembly-line production, which enabled it to build 70% of the Italian Army's World War I trucks. The company went on to furnish Mussolini's military, and Il Duce rewarded it with the tariff protection and freedom from strikes that guaranteed its preeminence. In 1921, the year before Mussolini took power, Gianni Agnelli was born...
Despite that, Agnelli has shown that he knows how to run an auto company, although he concedes that "I haven't the slightest idea how to build a car." Unhappy about some deadwood that had piled up under Valletta, Agnelli imposed a U.S.-style rule of retirement at 65 and promoted much younger men. He has also radically decentralized management in the belief that "it doesn't do any good to sit on the heads of your executives." Fiat's managers bring him only major decisions, but on those, Agnelli is the ultimate authority. Under...