Word: chairman
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Dates: during 1950-1959
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...Peter Olai) Peterson, 62, resigned as chairman and
president of Mack Trucks, Inc. after a four-year tenure in which he
more than doubled Mack's sales and successfully weathered the recession
(third-quarter sales of $66,352,321 v. $60,759,386 in 1957).
Successor: to be named by Dec. 31.
...worth $30.80. Norman Collins, 51, author and TV executive who originally put up $7,000 of the $50,000 that launched ATV, now finds his shares worth $1,400,000. Sir Robert Renwick, industrialist and broker who invested $4,200, has shares worth $959,500, and Charles Orr Stanley, chairman of Pye radio and TV company, has seen his shares burgeon...
...value exceeding $458 billion) last year paid $292 million, based on a stopgap law that levied the regular 52% corporate income tax on up to 15% of their net investment income. Industry executives who jammed the committee room for hearings last week heard Rep. Wilbur D. Mills (D. Ark.), chairman of the House Ways and Means Subcommittee on Internal Revenue Taxation, indicate that the present tax is out of line with what other industries pay. Mills made it clear that a new deal must be worked out for Congress...
...Howard Stolpp Bunn, 58, executive vice president of Union Carbide Corp., second largest U.S. chemical company, became president, succeeding Morse G. Dial, 63, who moved up to chairman and continues as chief executive officer. A Philadelphia-born, Lehigh-educated ('20) chemist, Bunn is more salesman than scientist, has been executive vice president since 1955, is Dial's probable successor...
...Lewis Gruber, 63, president "since 1956 of P. Lorillard Co. (Old Gold, Kent, Newport), fourth largest U.S. tobacco manufacturer (first nine months' sales: $353 million), moved up to the vacant post of board chairman, but will continue as chief executive officer. Taking his place as president, and most probable successor to head Lorillard when Gruber retires in two years: Harold Francis Temple, 55, vice president and director of sales, who began as a salesman with Lorillard 30 years...