Word: co
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Dates: during 1950-1959
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Another promising sign was the long overdue beginning of a down-creep in retail prices. General Electric Co. dropped "Fair Trade" pricefixing on small appliances, and rival manufacturers promptly followed along (see BUSINESS). That much-mourned casualty of inflation, the 5? cup of coffee, made a comeback in Los Angeles restaurants. The Bureau of Labor Statistics announced that its consumer price index crept upward again in January, but the increase was largely the result of Florida's disastrous winter, which sharply upped fruit and vegetable prices. And the index only faintly reflected the discounts, trade-in allowances and bargain...
...Strongly Recommended." Before his term in Washington, Richie Mack had kicked around Florida all his life, working as an insurance salesman and a credit manager, was secretary and general manager of the Port Everglades Rock Co. at Fort Lauderdale in 1947 when then Governor Millard Caldwell appointed him to the Florida Railroad and Public Utilities Commission. Eight years later, President Eisenhower named him to fill a Democratic vacancy on the Federal Communications Commission. Said Florida's Democratic Senator Spessard Holland at Mack's Senate confirmation hearings: "I may say that he was strongly recommended for this post...
...Francisco State College. The son of a chauffeur, Johnny once took operatic coaching but prepared in college for a teaching career (English). In his spare time, he picked up pin money singing in local clubs and with a semiprofessional opera group. Helen Noga, co-owner of San Francisco's famed Black Hawk nightclub, heard him, introduced him to Columbia Records' George Avakian. His first successful single, Wonderful, Wonderful, sat around for several months before it began lighting boards in San Francisco and Boston. It climbed the charts, catapulted Johnny into a career that should bring...
...Frank Oscar Prior, 62, president since 1955 of Standard Oil Co. (Ind.), was named chairman of the board and chief executive officer to succeed Robert E. Wilson, who retired after 13 years as chairman. A Stanford graduate and onetime oilfield roughneck, Prior will be succeeded by John Eldred Swearingen Jr., 39, executive vice president since 1956. Swearingen, a South Carolinian, went to Standard in 1939 from Carnegie Tech, won a reputation as a top production man, became general manager of Standard's production in 1951, vice president in charge of production in 1954. Prior and Swearingen have worked together...
...Philip Dunham Reed, 58, board chairman of General Electric Co. for 19 years, will step down at G.E.'s annual meeting April 23, retire when he reaches 60 next year. A handsome man and a fluent speaker, Reed is an engineer (Wisconsin '21) and a lawyer (Fordham '24), became G.E.'s youngest chairman of the board, served in Washington and London in World War II, has since concentrated on G.E.'s international affairs...