Word: co
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Dates: during 1950-1959
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Pasternak & Profits. Few university publishers can claim quite the enterprise of the University of Michigan's Fred Wieck, an ex-Henry Regnery Co. executive, who took over an unimpressive setup in 1954 and built it into a $1,000,000 operation noted for stunning jacket designs. Last winter Wieck published the first Russian-language edition of Boris Pasternak's Doctor Zhivago in the Western Hemisphere and sold an amazing 15,000 copies, is following this week with a collection of Pasternak's poems in English that is likely to sell even better. Says Publisher Wieck: "There...
...that they will certainly be bad news to what is left of the ailing middle-priced market. Says Cole: "The middle-priced field is sitting there with a gun to its head." Some middle-priced dealers have already pulled the trigger. New Orleans' leading Buick seller, Stephens Buick Co., fortnight ago surrendered its franchise and switched to Chevy...
TRUSTBUSTERS' THREATS of court action forced Texaco and Superior Oil Co. (Calif.) to drop merger plans (TIME, June 29). Merger would have given Texaco, second largest integrated U.S. producer and refiner, the advantage of Superior's huge reserves in Venezuela and U.S. Victory was Justice Department's biggest since it halted Bethlehem Steel and Youngstown Sheet & Tube Co. merger last year...
...Thomas Elbert Sunderland, 52, vice president and general counsel of Standard Oil Co. (Ind.), was named president and chief executive officer of the trouble-torn United Fruit Co., succeeding Kenneth H. Redmond, 64, retiring after 42 years with the company. Sunderland, who admits he "knows nothing about bananas," is an expert in the antitrust problems that plague United Fruit; under a 1958 antitrust decree, United Fruit must sell off some of its properties, give up 35% of its import business. A Michigan-born lawyer, Sunderland saw World War II service in the Army Air Forces, became a Standard director...
...Charles Jacob Stewart, 61, general partner in Lazard Freres & Co., New York investment bankers, was elected president of Manufacturers Trust Co., fifth largest bank in New York City, succeeding Eugene S. Hooper, 61, who is retiring. Dallas-born, Stewart graduated from Yale in 1918, joined New York Trust's commercial banking department in 1930, rose to the presidency in 1949, joined Lazard Freres...