Word: cola
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Dates: during 1960-1969
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What a liftoff! When he quit the Marines and hitched up with the Royal Crown Cola Co. as a director last October, Colonel John H. Glenn Jr., 43, the West's first man in space, got an option on 60,000 of the company's shares at $19.81 each. Since R.C.C. shares are now orbiting above $24, Glenn's paper profits have already soared over the $250,000 mark. If the company's earnings keep climbing, Cola should land the astronaut safely on millionaire...
Charm on Tap. But Robin Chandler Duke, ex-model, fashion editor, stockbroker and onetime public relations chief for Pepsi-Cola, had established a firm reputation along Embassy Row even before it became her job. It was up to Ann Hand, starting from scratch and a well-stocked closet, not only to prove that she could manage the tricks of a brand-new trade (everything from learning the names and faces of a hundred or so ambassadors by rote to making sure to seat Greeks and Turks at separate tables to remembering that the chargé d'affaires...
...Think Young" urged the Pepsi-Cola ad-and Herman W. Lay began thinking. Not about downing a soft drink but about acceding to a hard-to-resist proposal from Pepsi (estimated 1964 sales: $240 million) to merge with his Frito-Lay, Inc., which last year sold $184 million worth of such snacks as corn and potato chips, dip mixes, candied popcorn, pretzels and related products. At 55, Lay isn't so old. But Pepsi President Donald M. Kendall is only 43, and he is surrounded by a youthfully energetic executive team. "I like those fellas," said Lay. "I need...
Pepsi has shown lots of sparkle in the 17 months it has been bossed by Kendall, a onetime fountain-syrup salesman. Last spring he introduced Diet Pepsi, which has since captured more than one-quarter of the low-calorie-cola market. He also bought a West Virginia firm that makes Mountain Dew, sugar-rich citrus soda whose slogan is "It tickles yore innards." Mountain Dew sales are up 150% since September...
...usual in dock strikes, the biggest losses at home were caused by interruption of commodity shipments. Sugar refineries in New York, Philadelphia and Baltimore laid off 1,700 employees after they ran out of raw sugar. Pepsi-Cola closed its Long Island City bottling plant. Grain exporters estimated that they lost $250 million of January shipments. Cargill Inc., the nation's largest grain exporter, closed elevators in four states, and two soybean plants shut down in Decatur...