Word: chairman
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Dates: during 1950-1959
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Both U.S. Steel Chairman Roger M. Blough and Bethlehem Steel President Arthur B. Homer said that, barring a long strike, the industry's pickup in production would continue; for U.S. Steel and the industry second-quarter production will run between 90% and 95% of capacity. Blough said the rate of production, barring a strike, would drop "somewhat" in the third quarter but "would continue reasonably good because there's been a recovery in the economy that involves an increase in consumption by our customers." And for the fourth quarter production "ought to be better than the third...
...other industries earnings were just as good. For some companies, such as Zenith Radio Corp., whose stock has spiraled from 67½ a year ago to 324½ last week, first-quarter earnings were so high ($3.37 per share) that Chairman Hugh Robertson facetiously told stockholders that he had qualms about announcing them. Explained Robertson: "We were fearful of putting out our first-quarter figures because they were so good. We don't think the stock is overinflated, but we don't want to add fuel to the fire...
...motion-picture equipment (1958 sales: $59 million), cleft-chinned Chuck Percy has found plenty of time to serve society. He sits on the board of the University of Chicago ("I am a better businessman for getting my head up in the clouds with the academic people") and is the chairman of the Ford Foundation's Fund for Adult Education ("If all of us in industry learned better the world in which we live, we'd all be better individuals"). He had a hand in the Rockefeller brothers' special studies of national security problems and foreign economic policy...
...ranking heirloom collector of U.S. business is a Pittsburgh millionaire named Thomas Mellon Evans. His heirlooms are old, family-owned business enterprises that have fallen on hard times, and his specialty is modernizing them. Last week Tom Evans, chairman of Pittsburgh's H. K. Porter Co., Inc., an industrial combine with assets of $57 million, added another heirloom. He took over as board chairman and chief executive officer of Chicago's Crane Co., the nation's largest manufacturer of valves, fittings and pipes, in a shake-up of 104-year-old Crane's management...
Stock Control. Hoping to avoid a proxy fight, Evans and Landa persuaded Gurdon Wattles, chairman of Electric Auto-Lite Co. and a Crane director, to back them with 322,900 shares of Crane stock owned by Auto-Lite. They also went to Mrs. Emily Crane Chadbourne, 89, only living daughter of Crane's founder, explained that Evans' chief argument with Crane President Neele E. Stearns was over Stearns's slowness in expanding the firm's inadequate network of independent wholesalers. Proof of Evans' complaint was Crane's first-quarter earnings (23? per share...