Word: chairman
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Dates: during 1960-1969
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...seats on the 14-man board. But there was no evidence that Kaiser intends to add the auto company to its empire of steel, cement, aluminum and chemical companies (total assets: $624 million). The suspicion in Detroit was that two old friends, Edgar Kaiser and American's Chairman Roy Chapin Jr., have a secret signed agreement to assure that Kaiser will not take over control...
...Jeep deal was typical of American's growth-minded aggressiveness since Chairman Chapin and President William V. Luneburg took over in 1967. At that time, AMC's future seemed so shaky that its creditors, a consortium of 24 banks headed by Chase Manhattan, examined the books every ten days. The new chiefs sold AMC's finance subsidiary and Kelvinator Appliance to pay some of the debts, trimmed costs by $20 million annually to cut the breakeven point from 343,000 to 250,000 cars a year, and last year turned a profit...
Builders complain that housing is being squeezed by the Government for the fifth time in 15 years. Paul McCracken, chairman of the President's Council of Economic Advisers, admits that they have a point. Because housing depends so greatly on credit, he concedes, the industry lies "at the end of the economic whipcracker." When the Government snapped that whip by severely tightening money in 1966, housing absorbed 70% of the resulting cutback in lending. Builders had not yet made up for their 1966 production losses before they were hit again...
...Local authorities should accept some new forms of government, or at least governmental cooperation, in order to put an end to the zoning and planning warfare by which suburbs fight to remain enclaves for the well-to-do. As Alcoa Chairman Fritz Close said last week in San Francisco: "Enabling the poor to find housing in the suburbs, where the jobs are, is probably the biggest single step this country could take toward solving its social problems...
Parker is chairman of the state YAF organization in Pennsylvania. He belongs to YAF, he said, because "it's the only organization that is really involved with, and putting emphasis on, the individual...