Word: contractor
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Dates: during 1960-1969
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...Reinhold Delzer, Bismarck, N. Dak., contractor, who rescued the 20-rank Wurlitzer from the demolished Radio City Theater in Minneapolis. Delzer has carved out a grotto for his prize beneath his home after getting special permission from a nonplussed Bismarck city commission to build organ chambers tangent to a city right...
...nation's biggest defense contractor, General Dynamics Corp., last week found a man to succeed Frank Pace Jr., 49, as chairman and chief executive. Burdened by a record $425 million development loss from the commercial Convair 880 and 990 jets (TIME, Jan. 5), the company's powerful executive committee some weeks ago launched a search to put "new blood into top management." Last week Pace resigned. Tapped to replace him as chief executive at a salary of $125,000 was Roger Lewis. 50, now a $71,600-a-year executive vice president of Pan American World Airways...
...some flaws appeared in the image. City Controller Alexander Hemphill uncovered a batch of municipal misdemeanors, described by Dilworth (who nonetheless fired all the city employees involved) as "penny-ante stuff." Dilworth then took off for a round-the-world trip. By the time he came back, a Philadelphia contractor stood accused of profiting by $800,000 on a''$1,000,000 contract for city transit repairs; the same contractor had sent the city treasurer a Christmas bottle of whisky, cheerily wrapped in $100 bills. Dilworth, never touched personally by the scandals, admitted that "We were...
...junior partner, another ex-carpenter named LaVergne Jacobson, now 48, steered Webb into real estate investment. Jacobson had a convincing argument: such investment would provide a fairly steady income to help smooth the peaks and valleys of the Volatile construction market. Since then, Webb Corp. has been trading contractor fees for interests in the projects it builds. For example, instead of collecting a $100,000 construction fee for the Phoenix shopping center, Webb got an equity share that brought in $80,000 annually for seven years, later was sold for $1,000,000. Enterprising Del Webb figures that such plump...
Simple, compact and rugged, the Minuteman is 54 ft. tall, weighs 60,000 Ibs., which makes it about half the size of the Titan II. Liquid-fueled missiles are largely crafted by hand, but Boeing, prime contractor for the Minuteman, will treat the weapon much like a production-line item. Says Boeing's Chief Engineer Ernest ("Tex") Boullioun: "It will take us a year to install the first 150 in their silos, nine months for the next 150, six months for the next 150, and after that we expect to put 150 in every three months...