Word: bynum
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Outside Manhattan's Biltmore Hotel last week, the temperature was a frigid 26°, but in the grand ballroom the atmosphere of Carrier Corp.'s 50th anniversary stockholders' meeting was glowingly warm. President William Bynum, 62, announced that sales in fiscal 1964 jumped 9%, to $325 million. Directors recently voted a 20% dividend raise, and shareholders happily approved a three-for-two stock split...
...Worthington and Westinghouse as well as Carrier. No longer is it a business that seems important only in July and August. Syracuse-based Carrier, biggest company in the business, is flourishing year-round-and so are most of its competitors. Already in the cold first quarter of 1965, said Bynum, his company's new orders are up 22%, and profits, which were $11 million last year...
...production stretch-out is due to the fact that U.S. air-conditioning companies have stepped up exports to $150 million yearly, sell cooling equipment to such reverse-season continents as Australia and Latin America. But the most important factor is the broadening of air conditioning in the U.S. Says Bynum: "Air conditioning is now a year-round business of climate control. It is no longer just seasonal cooling...
...David E. Bynum, co-author (with Albert Lord) of "A Bulgarian Literary Reader;" A.B. (1958) and Ph.D. (1964) Harvard
...Bynum knows all these dangers (he has suffered a broken leg, a broken wrist, and "a few horns in the gut"), but he carefully balances caution against the daring needed to win. "I know they're always going to have a rodeo next week," he smiles. "I'm not going to do anything to get myself hurt." Alabama-born, Big Jim has been bull-dogging almost 20 years, now grows cotton on a farm near Dallas. He tends it carefully in good years and leaves it readily when the sun-withered crop is poor. "They say they...