Word: businessmen
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Dates: during 1950-1959
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Chandler scribbled the names of nine top L.A. businessmen on a piece of Times stationery. If each of these men would sign a bank loan for $1,500, Chandler said, he would sign for the balance. Thus was born the company which Donald Douglas engineered into the world's biggest (1956 net sales: $1,073,515,000) airframe company; Douglas set off a chain reaction that made Los Angeles the center of a $2.5 billion aircraft industry (Lockheed, North American, Northrop), as well as the base for the newer missiles and electronics industries...
...opening week was a sellout, and Crosby is counting on 90% attendance for the rest of the season (which will leave the company with an easily manageable $5,000-to-$10,000 deficit). Direct contributions have poured in from service-station owners, haberdashers, statehouse employees and wealthy, retired businessmen. If some are not all-out lovers of opera, all have been touched on their civic pride, or calculate the potential profits to be had if Santa Fe becomes the Salzburg of the Southwest. "I don't know a damn thing about opera," said the Opera Association's president...
Lawrence College's Economist Mandell Morton Bober, 65, intense, deadpan expert on Marx, general iconoclast and most quoted man on the Appleton (Wis.) campus. Sample Boberisms: "If God were half as nice to us as we are to him, we'd be living in paradise," "Businessmen have as much competition as they cannot get rid of," "Once we went to market with money in pocket and came home with goods in basket; now we go to market with money in basket and come home with goods in pocket," "If every man carried his cross, mighty few women would...
...those businessmen concerned about the U.S. economic mood midway in 1957, a prime indication of the nation's confidence came last week from Wall Street. After floundering aimlessly over the last fortnight, the stock market surged forward, shrugging off all reports of soft spots and vacation shutdowns, the long holiday weekend and other normally depressing factors. In the kind of selective trading that has become the trademark of 1957's bull market, investors sent International Business Machines up 21 points in two days to a new high of 358; Alcoa went to 101 for a 21% gain over...
...business looked back this week on a first half year that confounded the pessimists and delighted the optimists by its healthy showing. How do businessmen feel about the six months ahead? The First National Bank of Chicago asked twelve key executives about their prospects. Consensus: 1957's second half will equal or surpass the first in almost every sector of the economy. Area witnesses...