Word: carroll
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...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...
...befriended while they were sweating over some local ditchdigging. Impressed into helping them make a swampy getaway, Sal gradually gets into his hardening skull the idea that no bad man is all bad. The corollary: some of society's watchdogs (such as sadistic Prison Warden J. Carrol Naish) and false heroes (the millionaire trucker) can be absolutely no good...
Fringes & Flints. As the Prudential's seventh president in 81 years, Carrol Shanks sits behind Old John Dryden's huge mahogany desk, in a suite of offices in Newark built in the days when insurance men spent heavily for purposes of prestige. Hand-carved Honduras mahogany frames the president's doors and windows; the walls are covered with silver-filigreed blue paper, the ceiling fringed with gold leaf; deep piled rugs smother the floor. Shanks sometimes works in his shirtsleeves, dials his own phone...
...years later, at 47, Carrol Shanks was the Prudential's boss. Franklin D'Olier opened a board meeting by announcing that he wanted to move up to chairman. "And here," said he, pointing to Shanks, "is your new president...