Word: chairmanships
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...largest of Engelhard's stakes, however, was in the South African gold mining industry, which for decades has mined sub-economic gold by employing Africans at wages half the poverty datum level. Largely through his chairmanship and stock holdings in Rand Mines, Engelhard's interests controlled an estimated 15 per cent of South African gold mining industry during the '60s. Indeed, it was through his entry into the South African gold industry during the early '50s that Engelhard first started to turn his father's relatively modest metals business into a global powerhouse. Setting himself up as a bullion dealer...
...presidential appointment confirms that Caldwell is Henry Ford's choice to be the ranking executive outside the family during the sensitive years of his transfer of power. The chairmanship of Ford Motor Co. is the last hereditary throne in American big business, and Henry II wants to make sure another Ford takes it over. Mindful of his own battle in the mid-1940s to wrest control of the company from Director Harry Bennett, who had gained sway over his aged grandfather Henry I, Henry II wants no willful executives who might contest a smooth succession...
...plan appears to be to hand over the title of chief executive when he reaches 63 in 1980; presumably the heir would be Caldwell. The chairmanship would go two years later to Brother William Clay Ford, now 53, the owner of the Detroit Lions; Henry brought him into the top management last June. But Henry II will remain a board member until he is 70, giving him time enough perhaps to execute the last flourish of his plan: to install Son Edsel, now 29 and assistant managing director of Ford of Australia, as chairman of his great-grandfather...
...when he became the judge of Gulf County (pop. 11,000) he waded into a backwater Watergate. A land of slash pines, Cyprus swamps and oldtime backroom politics, it has been the fiefdom of U.S. Representative Robert ("He-Coon") Sikes, who last year was stripped of a congressional subcommittee chairmanship because of financial misconduct. Taunton publicly charged that former State Senator George Tapper engaged in an "elaborate, corrupt political scheme" with State Representative William J. ("Billy Joe") Rish, Sikes and others to profit from intricate land deals at the public's expense. A state investigation turned up no evidence...
DIED. Ernest Robert Breech, 81, hard-driving executive who helped galvanize an ailing postwar Ford Motor Co.; following a heart attack; in Royal Oak, Mich. Son of a Missouri blacksmith, Breech showed a big-city flak for business management and a wizardry with figures that propelled him to the chairmanship of North American Aviation Inc. in the early 1930s. After Breech had vitalized the Bendix Aviation Corp, in a single year, a desperate Henry Ford n persuaded him to quarterback Ford's new management team. Breech arrived in 1946 to find what he called an "awkward and stumbling colossus...