Word: corp
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Dates: during 1960-1969
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Defense Secretary Robert McNamara got both services to agree that one highly adaptable plane could be developed to meet the demands of each. But that was where the agreement ended: McNamara awarded the contract for building the plane to the General Dynamics Corp., which had submitted proposals for a more costly and, in the eyes of the military brass, less efficient aircraft than one designed by Boeing. There were all sorts of charges of political skullduggery; outspoken unhappiness with McNamara's decision was partly instrumental in the failure of Admiral George W. Anderson Jr. to win reappointment as Navy...
...duct of Silastic (trade name for medical silicones made by Michigan's Dow Corning Corp.) is 18 in. to 24 in. long, only 1/16-in. thick. It is led under the skin, behind the ear and down the neck to a point where it is spliced into the internal jugular vein. The excess brain fluid is thus dripped into the bloodstream, where the body readily disposes of it. Another Silastic preparation, which looks like a sheet of waxed paper, serves to correct a different type of brain problem: when part of the brain's parchmentlike covering, the dura mater...
...Webb man who headed for top management and got there is Edward Teale ('34), president of New York Shipbuilding Corp., which built the nuclear-powered ship Savannah. Owen Oakley ('37) is director of preliminary ship design for the U.S. Navy's Bureau of Ships, where John Nachtsheim ('47) is chief naval architect. J. J. Henry ('35) heads his own top firm, lately designed the naval icebreaker Glacier, and helped develop a fleet of ships to take liquefied gas from Algeria to London and from the Persian Gulf to Tokyo. Several Webb alumni, including John Parkinson...
...enemy companies seized by the U.S. Government during World War II the chemicals, camera-and copy-equipment complex of General Aniline & Film Corp. was by far the biggest. It has also been the longest held by the Government. Taken over in 1942 on grounds that its Swiss owners were a front for Germany's massive I.G. Farben, GAF has remained a Government fief while the Swiss and the Justice Department battled over the 93.5% interest involved (the other 6.5% is publicly held). Last week, with a compromise finally hammered out, Justice announced that it will sell 11.1 million shares...
...Management. All this adds up to a major failure of British management. Cecil King, chairman of International Publishing Corp., has said: "The standard of management in business in this country is abysmally low. Too many old men cling on long past their ability to contribute anything. Too many jobs are given to school friends or relations." The average age of 100 top British executives was recently given as 61-older than either bishops or members of the Cabinet. Many companies are still family-owned and fusty, and the existence of an "Old Boy" network of gentlemen amateurs discourages the formation...