Word: chris
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Dates: during 1960-1969
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...Chris Herter's deft, competent performance produced no sensational headlines; yet it added to the image of strength created since he succeeded the late John Foster Dulles a year ago. Lacking the self-assertive flair of Dulles or of Harry Truman's Secretary Dean Acheson, Secretary Herter sometimes seemed to blend invisibly with the antiseptic corridors of the State Department. But despite his self-effacing manner, Herter's certainty of purpose has won growing respect from President Eisenhower, State Department aides and the capital's most critical press corps...
...once a hard-headed warning about the perils of disarmament for disarmament's sake and a misty-eyed vista of a disarmed world patrolled by an international police force -a vista that would have won blaring headlines for any Secretary of State but Low-Pressure Salesman Chris Herter...
Brunswick-Balke-Collender Co., which has diversified from bowling into school and sports equipment, has been looking for a boatbuilder. It lost out on Chris-Craft Corp., the nation's largest motorboat maker, to NAFI Corp., which is controlled by Wall Street's Shields & Co. (TIME, Feb. 15). After helping to close the Chris-Craft deal, famed Yachtsman Cornelius ("Corny") Shields Sr., a Shields & Co. partner, pondered a way to see Brunswick into the boat business. As a director of the Owens Yacht Co., the nation's No. 2 builder of pleasure crafts (1959 sales: $15.3 million...
Despite the market slump, investors did not hesitate to plunge in where they thought they saw something good. After Paul V. Shields, senior partner in the Manhattan brokerage firm of Shields & Co., announced details of the deal to merge NAFI Corp. with Chris-Craft Corp. (TIME, Feb. 15), NAFI shot up 10⅜ points during the week to close at 29⅜, lead the exchange in trading. Polaroid rose more than 6 points during the week, and respectable gains were chalked up by Texas Instruments and Ampex...
Clair River at Algonac, Mich. Today, from its Pompano Beach, Fla. headquarters, Chris-Craft operates nine plants that produce more than 8,000 boats a year, from 17-ft. runabouts (at $3,335) to 66-ft. motor yachts ($160,000). In the fiscal year ended Aug. 31, 1959, its sales to taled nearly $40 million with earnings of $2,500,000. Sales are running at a rate of more than $50 million a year. Smith will remain as chairman, along with the rest of Chris-Craft's management. Wall Street speculated that NAFI would soon change its name...