Word: corp
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Dates: during 1960-1969
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...pair so steeped in inherited wealth and social know-how that their palms might very likely include a Reception Line, etched in somewhere between Life and Fate. Lloyd Hand is the son of a steelworker who began as a laborer for Sheffield Steel (now part of Armco Steel Corp.) in Alton, Ill., became a rolling-mill supervisor, and was sent to the company's new branch in Houston when young Lloyd was ten. Lloyd was the first member of his family to attend college. He worked his way through the University of Texas and ended up as president...
Outside Manhattan's Biltmore Hotel last week, the temperature was a frigid 26°, but in the grand ballroom the atmosphere of Carrier Corp.'s 50th anniversary stockholders' meeting was glowingly warm. President William Bynum, 62, announced that sales in fiscal 1964 jumped 9%, to $325 million. Directors recently voted a 20% dividend raise, and shareholders happily approved a three-for-two stock split...
Production Up. Since it was founded by the late Dr. Willis H. Carrier, the inventor who first successfully united cooling with humidity control, Carrier Corp. has air-conditioned the Navy's atomic submarines, the complex of buildings at New York's Kennedy Airport, even a South American anthill imported for research purposes by the University of Chicago. Its most difficult job was jet aircraft; with the aid of watchmakers, Carrier built a 300-lb. miniaturized system that does the work of equipment normally weighing 5,000 Ibs. Carrier's largest assignment is the Albany South mall...
...Generation. Edgar Bronfman has steadily been assuming more power. Father still bosses the parent company, Montreal-based Distillers Corp.-Seagrams Ltd., but Edgar since 1957 has headed the mighty U.S. subsidiary, Joseph E. Seagram & Sons. At his order, it will soon bring out not only bottled cocktails, but also ten other new drinks in the most ambitious marketing program ever undertaken by any distiller. As the first step in that program, he jetted last week to Los Angeles to introduce a lighter blend of Four Roses in a bottle shaped like a fat paddle...
Contentious 5%. In the race for this prize, the U.S. system, pioneered by Radio Corp. of America, has one important advantage: it is time-tested, while the others contain experimental elements. The U.S. has had an eleven-year global monopoly on color TV, and both Canada and Japan use American apparatus. The U.S.'s competitors point out that the three systems are very similar; only 5% of the parts are different, and on that the battle hinges...