Word: corp
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Dates: during 1960-1969
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Born. To Rodman Clark Rockefeller, 31, Nelson's eldest son, a vice president of the Rockefeller-backed International Basic Economy Corp., and Barbara Olsen Rockefeller, 30: their fourth child, third son (the Governor's eleventh grandchild); in Manhattan. Name: Michael, after Rodman's youngest brother, lost two years ago off New Guinea and legally declared dead last week...
...Karl, president of Milwaukee's Mortgage Guaranty Insurance Corp. (nicknamed "Magic"), sketched in the background of the now familiar Magic stock deals. Baker, he said, had tumbled to the potential of the infant home-mortgage insurance company as early as mid-1959. Naturally, he wanted in on a deal with so much profit potential. Though the company's stock had not yet been registered with the Securities and Exchange Commission, Karl sold Baker 250 shares for $28,750; their market value later soared to about $400,000. Admittedly, said Karl, the legality of the early sale might...
...Texas Way. Baker kept right on buying Magic stock-with borrowed money. One who helped him was Robert F. Thompson, executive vice president of Tecon Corp., a Dallas construction firm headed by Wheeler Dealer Clint Murchison Jr. Tecon performs nearly $90 million worth of work a year for the Army Corps of Engineers. Thompson testified that he first met Baker in 1957. Where? "I thought," replied Thompson, "that it was in the office of Lyndon Johnson...
From baking bread to making steel, the most promising area of automation is computer control of factory production lines. Last week two major space-age firms got together to form the newest and biggest company in a rapidly growing field. The Martin Marietta Corp. and Thompson Ramo Wooldridge Inc. set up a separate company called the Bunker-Ramo Corp. to design and install computerized assembly lines for the industrial market...
WHILE he was chairman of Wall Street's powerful First Boston Corp., lanky George D. Woods was an orthodox banker by day and a gambler in his off hours. Woods did his gambling as a Broadway angel, bankrolled a few flops but also a list of such long-runs as Sailor, Beware! and Dead End. As World Bank president, Woods, 62, is now serving as angel for more universal enterprises. Under Eugene Black, the bank prospered by making hard loans for productive public works. When he succeeded his longtime friend last year, Woods recognized that the bank had undergone...