Word: contractor
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Slight, pink-cheeked Robert E. Gross, board chairman of Lockheed Aircraft Corp. (prime contractor on the Navy Polaris), registered the common complaint that Government agencies, bureaus, committees, staffs and boards interfere with quick and able decisionmaking. Contractors, he declared, are "bogged down in a labyrinth of advisers advising advisers ... We are often 'helped to death' by the hierarchy of Government agencies." Conflict-of-interest statutes defeat the Government's opportunities to hire the most able civilians for key posts. "We really cannot ask people to come down to Washington as experts for a problem as long...
Cats & Guts. Even angrier was Thomas G. Lanphier Jr., wartime fighter pilot and vice president of Convair (prime contractor on the Atlas ICBM). The Pentagon, said Airman Lanphier, indulges in "dangerous semantics" by indicating that the Atlas will be reliably operational in the near future. Actually, said he, the Russians are two to three years ahead of the U.S. ICBM program because they have tested "hundreds" more parts. Convair could double its efforts on Atlas if the Pentagon so ordered, accelerate its B58 bomber program by three or four months and put 50 times as much work into its anti...
Rare Marriage. The Atlas-or "The Bird" to missile workers-is the most spectacular of the new weapons produced by General Dynamics, which has rocketed out of obscurity in a single decade to become the second biggest U.S. defense contractor (after Boeing) and by far the most wide-ranging...
When Millionaire Contractor Matthew H. McCloskey sold his Philadelphia Daily News (circ. 192,401) to the Philadelphia Inquirer's Walter H. Annenberg last week, no one was more surprised than the News's publisher, David ("Tom") Stern III. Since taking over management of the ailing Democratic tabloid a year ago (TIME, Jan. 7), Philadelphia-born Tom Stern, 48, had cut its losses from $225,000 a month to $40,000 a month, and estimated that it would lose no more than $200,000 in 1958. "Given a reasonable amount of time, we would have had an independent...
...Democratic Party's longtime National Treasurer Matt McCloskey capitulated? Though neither the civic-minded Inquirer (circ. 609,350) nor Robert McLean's quietly thorough afternoon Bulletin (circ. 718,007) paid more than cursory attention to the sale, the answers seemed clear enough. Hard-headed Contractor McCloskey, who had pumped some $5,000,000 into the News in his three years of ownership, was unable to resist Annenberg's offer to buy the rising paper, lock, stock and debt. Said McCloskey: "It was an expensive luxury...