Word: carroll
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Dates: during 1950-1959
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Countered Prudential President Carrol M. Shanks (TIME, March 18, 1957) last week: "The traditional approach to a retirement program has become inadequate and must be supplemented by some new economic weapon that will allow a retiring citizen to share in the economic growth of the country, and at the same time have some chance of protection against any impact of inflation. The variable annuity is the most promising weapon yet developed...
...their contribution to the local A.I.D. chest from $269,000 last year to $307,000 this fall. So it went in Fort Wayne, Ind., Seattle, Cincinnati, Beaumont, Texas-a total of 162 cities now running 2.3% ahead of last year despite the first-half recession. United Community Campaigns Chairman Carrol M. Shanks confidently predicted that total 1959 giving will easily top the $412 million raised...
...John V. Naish, 50, executive vice president of General Dynamics' Convair Division, moved up to president, succeeding General Joseph T. McNarney. 64, who is retiring (TIME, Jan. 20). Naish, brother of Cinemactor J. Carrol Naish, graduated from Fordham in '29, learned the industry from the bottom (he started as a mechanic) before he joined Convair in 1947, became executive vice president in 1952. ¶Walter A. Haas Jr., 42, vice president of San Francisco's famed Levi Strauss & Co., stepped up to president, succeeding his uncle (by marriage), Daniel E. Koshland, 65. Haas represents the fourth generation...
...crystal-ball gazers who try to chart the course of the U.S. economy usually hedge any predictions with plenty of ifs and buts. Last week the U.S. got a refreshingly different kind of forecast from Carrol M. Shanks, president of the Prudential Insurance Co., second biggest in the U.S. (first: Metropolitan Life). Said Insuranceman Shanks: "I'm optimistic. We're pretty close to the end of the downgrade, and we should see an upturn before long. Steel production will start up in March, if not sooner, because steel sales have been running ahead of production; so will textile...
After weighing such facts, Prudential Insurance Co. issued its usually accurate annual new-year prediction: 1958 will see a $3 billion dip in capital expenditures, but this will be offset by a rise of $5 billion in state spending and $1 billion in home building. Said President Carrol Shanks: business will hold at the present stable levels for the next six months, and then "the second half of the year is likely to be strong...