Word: chairman
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Dates: during 1950-1959
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Bent on grappling with the problem of price upcreep, President Eisenhower last week handed Vice President Nixon a job that was part plum, part hot potato. Richard Milhous Nixon's new post, his first major executive responsibility: chairman of a new Cabinet Committee on Price Stability for Economic Growth, with a franchise to 1) study the labor and management factors pushing up costs and prices, and 2) "strive to build a better understanding" of inflation and the public and private policies needed to curb...
Hoping to avoid any antilabor tag, Nixon and Secretary Mitchell (who urged the committee, boosted Nixon for chairman) are planning to look into all cost-push factors, not just rising wages. Example: in the featherbed-ridden construction industry, a sure target for investigation, the committee will delve into such nonwage matters as outmoded building codes and novel, cost-cutting house designs...
Conflict of Interests. Triumphantly Cushing returned to the U.S., ran headlong into a stern warning from the I.O.C.'s crusty chairman, Avery Brundage: "Cushing, you're going to set back the Olympic movement 25 years." For a time, it appeared that Brundage had something. Cushing could count on the piddling $1,000,000 voted by the state, but even in his most poor-mouth moment, he never envisioned that the games could be staged for less than...
...years. Output was up to a scheduled 2,212,000 net tons (from 2,056,000 the week before and 1,459,000 a year ago), and orders were piling in so fast that many companies had to start allocating steel and reopen marginal facilities. U.S. Steel's Chairman Roger Blough reported that orders were being received at a faster rate than at any time in 1958, as Big Steel fired up seven of 14 open-hearth furnaces idled at its Pennsylvania Homestead Works last March. Equally cheering, Blough told stockholders that the company earned...
Some hard-hit industries were naturally taking more time than others to climb back to pre-recession levels. Yet even in oils, still beset by political troubles abroad and price problems at home, the fourth-quarter pickup was strong enough to cause Chairman K. S. Adams of Phillips Petroleum to predict: "If present trends continue, both gross and net income in 1959 will be the highest in the company's history...