Word: corp
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Dates: during 1960-1969
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...Dictaphone Corp., pretty much of a stand-pat company from its birth in 1923 until it finally began diversifying in the early 1960s, reached outside the ranks to name Honeywell, Inc. Vice President and Dictaphone Director Walter W. Finke, 59, as president. Under outgoing President Lloyd M. Powell, 66, who now moves up to chairman, Dictaphone opened new overseas markets, branched into the temporary-office-help field (DOT Services) and, through acquisition of two smaller companies, grabbed 7% of the office-furniture market. The arrival of Finke, who started Honeywell's data-processing division from scratch...
...Henry J.'s son Edgar, 58, who shudders: "I don't want that to happen again." To make sure that it wouldn't, the Kaisers have since confined their automaking to one of the most durable vehicles ever produced: the limited-appeal Jeep. Now, Kaiser Jeep Corp. is cautiously looking to bigger markets. This month it unveils a jazzy new line that Edgar, as president of the parent Kaiser Industries Corp., hopes will put the Jeep more squarely into the black and out onto the nation's highways...
...jouncy, snub-nosed Jeep has been just plugging along. Developed by the old Willys-Overland Corp. for the U.S. War Department in 1940, the general purpose (hence, G.P. and finally Jeep) vehicle endeared itself to G.I.s and Army brass during World War II. "America's greatest contribution to modern warfare," General George C. Marshall grandiloquently called it. After the war, Willys found a still-brisk military demand for the Jeep, but ran into trouble on its passenger line, sold out to Kaiser...
...impasse with the banks, Douglas Sr. has launched a series of merger discussions. Among companies invited to discuss a possible deal are the McDonnell Co. of St. Louis, North American Aviation of El Segundo, Calif., and General Dynamics Corp. of New York City. Admittedly interested in Douglas are New York's Martin Marietta Corp., Venture Capitalist Laurance Rockefeller, the Signal Oil & Gas Co. of Los Angeles, and Fairchild Hiller Corp. of Hagerstown, Md. Signal last week offered Douglas $100 million for 5,000,000 shares of a new issue of 6% preferred stock. Converted to Douglas common stock...
...Bushmaster got its start in 1954, when the Tri-Motor's original designer, William B. Stout, got the aircraft's design rights back from Ford, formed the Hayden Aircraft Corp., in Bellflower, Calif., with a group of Douglas engineers. Lack of money stalled them until Williams, another Douglas alumnus and the owner of Hydroforming, an aircraft-parts-making company, bought a controlling interest in Hayden in 1958. Williams was sure that "an updated version of the Tri-Motor was just the plane to fill the gaps" left in workaday air transport by the emphasis on faster jet aircraft...