Word: co
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Dates: during 1950-1959
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From West Pointer Clay, 60, now board chairman of Continental Can Co., came an old soldier's plea for a more unified military command, rooted in a strong Defense Secretary and bolstered by a chairman of the Joint Chiefs of Staff with sole military authority for decisions. Today's Joint Chiefs setup, said Clay, is "just another committee." Clay also added his vote to those (notably members of the Rockefeller Report panel) who have been demanding a setup whereby senior officers would belong to the same service, wear the same uniform and stand above interservice rivalries...
...hanging. In a settlement without precedent in labor cases, Judge Letts, 82, kept jurisdiction over the case, ordered a three-man "board of monitors" set up to look over Jimmy's shoulder and report to the court on what they see. One monitor will be named by Hoffa & Co.. one by the 13 dissidents; the two sides will pick a third man to serve as chairman (if they cannot agree. Judge Letts will do the picking). The watchdogs may prove a nuisance to Jimmy at times, but they may also be useful to him in his efforts...
...gift of $90,000 from Kidder, Peabody & Co. was made in memory of their late partner, Edwin Sibley Webster, Jr. An additional $195,000 has been given anonymously, in two gifts, for the athletic endowment. These gifts have been added to the previously existing sum of $700,000. The Program is seeking to add $2,000,000 to the H.A.A. endowment...
Next, Getty says that Getty Oil will offer to swap its own stock for the 58% of Mission Development ,that it does not now own. The expected offer: one. Getty Oil share for 1⅓ Mission Development. If all goes through as expected, Getty Oil Co. will wind up with direct majority control of Tidewater. This would eliminate even the outside possibility that Getty could ever lose control of Tidewater...
...sign of a silver spoon, became a trustee of the estate of James C. Brady and chairman of the board of the Brady Security & Realty Corp.; invested in Chrysler in the '205, was soon a member of the board of directors of the Bank of Manhattan, Continental Oil Co. and more than a dozen other large industrial and financial corporations. Wartime ("dollar-a-year") special assistant to the administrator of the lend-lease program, later director of its British Empire branch, prominent Roman Catholic Layman Griffin was longtime (1947-57) president of the English-Speaking Union and co-chairman...