Word: corp
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Dates: during 1960-1969
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...Aspen Institute, a 7,800-ft. aerie in the Rockies west of Denver, is a nonprofit resort for the mind-and-muscle renewal of U.S. leaders in business, labor and government. It is the brain child of the late Chicago industrialist Walter Paepcke, creator of Container Corp. and inspirer of its "Great Ideas of Western Man" advertisements. Now chaired and cheered by Southwest Banker-Rancher Robert O. Anderson, the institute has just elected a renowned resident president: Alvin C. Eurich, head of the Ford Foundation's Fund for the Advancement of Education, and inventor of the Aspen Award...
Strong Base. At the same time, no one really expects Johnson to depart far from the economic policies of the Kennedy Administration. Charles Wellman, president of Los Angeles' First Charter Financial Corp., spoke for many businessmen: "President Kennedy and Lyndon Johnson thought alike on most issues. In a short while there will be a return to the status quo in the economy." Most businessmen expect Johnson to continue his longtime emphasis on expansive defense spending. They also expect him to push a tax cut, and feel that his legislative abilities may improve its chances of passing...
Tony DeAngelis, a onetime butcher, made himself a wealthy man by steering his New Jersey-based Allied Crude Vegetable Oil Refining Corp. in and out of quick trades in the risky commodities futures market. Then DeAngelis thought he saw another chance for a fast fortune in soybean and cotton-seed-oil futures. If the Soviet bloc wheat crop failed, he reasoned, other farm products, including vegetable oils, must have suffered as well; and as soon as the Red nations had signed their wheat purchase contracts in the U.S., they would be back bidding on oils and other U.S. produce. DeAngelis...
When it comes to hustling for European defense contracts, no one outhustles California's Lockheed Aircraft Corp. Its salesmen entertain grandly offer luxurious junkets to the U.S., bombard defense officials and parliamentarians with facts and figures to show that their products are indisputably the best. Lockheed likes to operate through people who have an "in." In Britain it hired Prince Philip's longtime buddy Michael Parker. In Bonn, its chief lobbyist is former U.S. Army Major General Richard Steinbach, who until June 1962 was chief of the U.S. military advisory group in Germany...
Died. Charles Ruffin Hook, 83, longtime (1930-59) president and chairman of Armco Steel Corp., the nation's fourth-largest steel company (1962 sales: $918 million), who married the boss's daughter and ran the company with such a velvet glove (the industry's first eight-hour day, first group insurance plan) that to this day fewer than half of Armco's 34,000 employees belong to the steelworkers' union; of cancer; in Garrison...