Word: co
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Dates: during 1960-1969
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Eddy returned home recently and he still has no ready answer to the question. Seven years ago, the young bachelor, then 31, spent $18,000 for a new fiber glass Seawind sailboat that is advertised by the Allied Boat Co. of Catskill, N.Y., as capable of "crossing an ocean if you will." After a year of preparation, Eddy decided he was ready to do just that. So he set sail in the wake of Joshua Slocum, the retired trading-ship captain who took off from Boston in a 37-ft. converted oyster boat back in 1895 and returned three years...
...high skyscraper* is designed, in effect, as an apartment house atop an office building. A forerunner of the multipurpose "vertical city" of the future, it also looks like a financial winner. As the first tenant moved in last week, the owner, Boston-based John Hancock Mutual Life Insurance Co., predicted that by next year the building will be producing a "respectable return" of about $7.5 million annually on the company's $95 million investment...
...rather unusual for a company to declare a $55-per-share dividend. When the payout is voted by a board filled with newcomers from another company that has just acquired control, eyebrows go up all around. Last week they were raised when Manhattan-based Great American Insurance Co. decided to dip into its $300 million surplus to distribute a total of about $171 million in securities. Reason: National General Corp., a Los Angeles-based moviemaker and would-be conglomerate, recently picked up 75% control of Great American Holding Corp., the fire and casualty insurance firm's parent holding company...
...Labor to issue mandatory health and safety standards and to enforce them-to the point of closing down factories-if "imminent harm" was found to exist. The legislation died, in no small part because of vigorous industry objections. But similar bills have been introduced this year, including one co-sponsored by 34 members of the House. The Nixon Administration has yet to take a stand on the issue. Whatever its decision, it is evident that much of U.S. industry needs some sort of spur-economic, moral or legislative-to overcome its lethargy toward the physical dangers Americans face...
...Mind. Stone is the founder, president and chairman of Combined Insurance Co. of America, which has assets of $142 million, and he estimates his personal wealth at more than $400 million. A high school dropout, he says that he owes everything to a "Positive Mental Attitude"-which he usually abbreviates as P.M.A. At Combined Insurance, P.M.A. is the company way. The chairman's sayings are reverently quoted in company literature and at conferences. Some favorites: "Whatever the mind of man can conceive and believe, the mind can achieve," and "With every disadvantage there's an equivalent advantage." P.M.A...