Word: chairman
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...billion-a-year aircraft-manufacturing industry, fifth biggest in the U.S., is troubled and worried. Despite enormous backlogs of orders, most companies feel insecure, not only about the future but also about the present. Warned United Aircraft's Chairman H. M. ("Jack") Horner: "All of our military business is in jeopardy." What has put it in jeopardy is the change that missiles have brought to the industry. They not only promise the end of manned military bombers and fighters, but have brought such other lightning changes that huge projects, calling for hundreds of millions of dollars, can be made...
...then some. But they are playing safe, in case they have guessed wrong. They have written off most-or all-of their heavy development costs so they will not be a burden in future years. If the planes are sold, profits will be fat. Lockheed's Chairman Robert Gross pointed out that in 1946. when Lockheed began to sell its Constellation, the company set a sales goal of 135 Connies as the break-even point "and prayed for the best." All told, Lockheed sold 856 Connies for more than $1.5 billion-and a fine profit...
...Many people who are purchasing small imported cars will prefer first-class American transportation to the second-class transportation offered them by small foreign imports." So said Ford Motor Co. Chairman Ernest R. Breech last week, as Ford became the first of the U.S. Big Three to hold a press showing on closed-circuit television of its new 1960 compact car to newsmen gathered in 21 cities...
...Chairman and Chief Executive Officer Frederic G. Donner, 56, and President John F. Gordon, 59, moved longtime (eight years) Executive Vice President Louis Clifford Goad, 58. In charge of G.M.'s automotive, body and assembly, and parts divisions since 1951, Cliff Goad has jurisdiction over all of G.M.'s general-staff activities: distribution, engineering, manufacturing, personnel, public relations, research and styling...
Died. Harold Sines Vance, 69, board chairman of Studebaker (1935-53), who with the aid of Studebaker Sales Chief Paul Hoffman, pulled Studebaker out of receivership when it went under in the Depression; of pneumonia; in Washington. Vance served on the Atomic Energy Commission since 1955, where he advocated use of atomic energy in industry...