Word: co
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Dates: during 1950-1959
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...merger will take effect immediately, with Mary Costanza '58 honorary president and Roselyn Leinwand '59 honorary secretary. These positions correspond to former offices in the Radcliffe organization. The PBH service committees have also been integrated, and will be directed by co-chairmen instead of separate committee heads...
...Magnolia Petroleum Co., which has 14 planes, recently flew a team of fire fighters with full equipment from Dallas to a burning well in southwest Texas, got them there hours faster than by commercial airline...
...Leaders. The Big Three of the private-plane industry are Cessna Aircraft Co., whose President Dwane Wallace is called the "Henry Ford of the light-plane business"; Beech Aircraft Corp., whose President Olive Ann Beech is the only woman to boss a big plane maker, and Piper Aircraft Corp., whose President William T. Piper is the dean of the industry...
Beech and Cessna might be one huge company today were it not for a personality clash between Walter Beech, a Tennessee farm boy turned pilot, and Clyde Cessna, another farm boy from Kansas. The two started off together, formed Travel Air Co. in 1925 with Cessna as president, Beech as sales manager. But after building two types of planes, one of which was the first commercial aircraft to fly the Pacific to Hawaii, Cessna went off to form his own company. Beech merged Travel Air with Curtiss-Wright and later, in 1932, formed his own company...
Push from the Bottom. The Big Three's progress and profit is not lost on the dozens of smaller planemakers, who are also learning to grow by selling utility. In barely six years, Oklahoma's Aero Design & Engineering Co. has leaped to a $12 million annual business with its high-priced ($89,500) twin-engined Aero Commander. When the Air Force bought 15, including one for President Eisenhower, so many companies jumped in with orders that Aero expects to sell about 120 planes this year, has built a $6,250,000 plant to boost production. Prospects...