Word: copeland
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...councils. At last week's session, family scandal and a series of reverses in the company's fortunes combined to cause change at the top of the world's largest chemical manufacturer. At the ever-so-gentle hinting of other Du Fonts, Chairman Lammot du Pont Copeland Sr., 65, declined to stand for re-election and also stepped down from the finance committee.*His duties were added to those already held by Charles Brelsford ("Brel") McCoy, 62, who succeeded Copeland as president...
After Dealing is finished, Williams will direct a full-length version of Kurt Vonnegut's The Sirens of Titan. Vonnegut, Briggs-Copeland Lecturer on English, is currently working on the screenplay...
...McCoy, 60, president of E. I. du Pont de Nemours & Co. McCoy betrays a hint of nervous candor not often shown at the 167-year-old firm, where fluctuations in corporate fortunes often have been shrugged off as mere ripples in the stream of its history. Lammot du Pont Copeland, now 64, who moved up to board chairman in 1967 when McCoy became president, more characteristically refers to the past decade of declining profitability as a "period of adjustment." The adjustment has been severe: net income as a percentage of sales has declined from...
...history. Through its Christiana Securities Co., the family can vote a dominant 29% of Du Font's common stock, and eleven of the 25 directors are either Du Ponts or married to Du Ponts. Many of the adult members of the Du Pont family, and the related Copeland and Laird clans, are spotted through the company...
While agreeing with Chairman Copeland that Du Pont has never wanted to go after "the fast buck," McCoy admits that some decisions should have been quicker and better. "We may have missed chances," says McCoy, but he is too well trained not to add: "We still do not believe in doing things on a crash basis. We try instead to evolve continuously and deliberately...