Word: co
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Dates: during 1950-1959
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High point of San Juan Week was Sunday, feast of San Juan. After a Pontifical High Mass at the Cathedral of the Holy Name, a 5,000-strong procession made for the Chicago Avenue Armory and an afternoon and evening of island-style fun and games. Armour & Co. provided 500-odd pigs and the prize for reaching the top of a well-greased pole was a color television...
JAPANESE IMPORTS are forcing shutdown of some U.S. mills, complain U.S. textilemen, who are stepping up campaign for stiffer tariffs. Both New England's Berkshire Hathaway, Inc. and Bates Manufacturing Co. are extending vacation shutdowns one week because of increasing Japanese competition, while South Carolina's small Camperdown Mills is closing down completely "in the face of Japanese competition." Japanese, however, are acting to curb exports themselves...
...doors, and they are all around us." Tall and spare with a kindly, canny Scots face, T. J. Watson did not knock hard enough for opportunity's door to open wide until he was 40. But then, he transformed Manhattan's tiny Computing-Tabulating-Recording Co. into International Business Machines Corp., a company that now circles the globe with 188 U.S. offices and six plants, another 227 offices and 17 smaller plants in 80 nations. For his hard knocking, opportunity richly repaid Thomas J. Watson: his family owns 6% of IBM's 5,251,000 shares outstanding...
...President Augustus C. Long, 51, was named to succeed Texas Co.'s John Sayles Leach, chairman and chief executive officer, who reaches the mandatory retirement age of 65 in September. Long's successor in the presidency: James W. Foley, 44. Long and Foley, a young top-management team, will captain the third largest U.S. international oil company (behind Standard Oil of N.J. and Gulf in oil reserves and gross income). Chairman-elect Long graduated from Annapolis ('26), joined Texaco after a hitch with the Navy. In World War II he saw Navy duty in London, helped Allied...
...Ward Keener and Arthur Kelly were named executive vice presidents of B.F. Goodrich Co., Akron. The positions were established to groom them as successors to Goodrich Board Chairman and Chief Executive Officer John L. Collyer, and President William S. Richardson, who must retire in 1958 at 65. Alabama-born Ward Keener, 48, made such a reputation as a business administration professor at Ohio Wesleyan University that Goodrich hired him as special analyst in 1937, gradually moved him up to vice president in charge of finance. Kelly went to the company straight from Purdue, has been with Goodrich...