Word: co
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Dates: during 1950-1959
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...Manhattan's Dr. William P. Shepard of Metropolitan Life Insurance Co. as a "pioneering industrial-health physician...
Shortly after writing his thesis, Financier Meredith got a chance to prove his case. He joined Vermont's staid old (108 years) National Life Insurance Co., pioneered so many fields for investment that National Life has wielded an influence far beyond its $620 million assets. Last week Meredith, now 51, and National Life's executive vice president, got another selling job. He became president of the New England Council, a post previously held by such eminent New Englanders as former Boston Federal Reserve President Laurence F. Whittemore and Senator Ralph E. Flanders. His task: to bind together...
...Government force a U.S. company to compete in foreign markets? Answered the U.S. Supreme Court last week: it can indeed. By a 4-to-4 tie vote (Justice Harlan disqualified himself from the case), the court let stand a lower-court ruling that Holophane Co., maker of prismatic glassware, must not only scrap all agreements with foreign companies to split up world markets but actively push its products overseas regardless of foreign laws or its own economic best interest. Snapped Justice Hugo Black, incredulously, during the hearing: "Is what you are saying this: that a distiller must...
...keep growing. The U.S. is pouring $5 billion a year into research whose outcome, years distant, can seldom be gauged in terms of dollar returns. More than ever, the businessman must rely on scientists and economists and be ready to gamble on their projections. Says Pittsburgh Plate Glass Co. Vice President Leland Hazard: "Too many people and facilities are at stake for management to be timid, cautious, slow, antiquated." General Electric Co. President Ralph Cordiner estimates that up to 90% of his time is spent on projects that will not come to fruition until after he has retired. The business...
...pany has been haled into court 22 times, "are fair and should be vigorously enforced." Though some businessmen still argue publicly that the Federal Government should stop regulating business, the majority agree privately that Government intervention is preferable to the economy of the jungle. Says Standard Oil Co. of California President Ted Petersen. "Busi ness should be allowed the right to property, but not the right to destroy. The businessman expects to have Government stop...