Word: corp
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Dates: during 1960-1969
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Died. Mark Winfield Cresap Jr., 53, who until July 15 was president of Westinghouse Electric Corp., a Harvard Business School graduate who in 1951 left the industrial consultant firm he helped found (Cresap, McCormick & Paget) to revamp the Westinghouse management structure, and in his five years as president brought the company into the forefront of nuclear development; following surgery for a gastric hemorrhage; in Pittsburgh...
Died. James David Zellerbach, 71, chairman of Crown-Zellerbach Corp., world's second largest forest-products firm, U.S. Ambassador to Italy from 1956 to 1960, a slight, bespectacled Californian, who took over the family company in 1938, helped its sales grow to nearly $600 million, found time for civic enterprises (the San Francisco Symphony, Golden Gateway redevelopment plan), served ably in a dozen public posts and produced in his private vineyard a California wine that made French diplomats swallow respectfully; of a brain tumor; in San Francisco...
Ever since the first Polaroid camera came out 16 years ago, Dr. Edwin Land, 54, the scholarly and reticent president of Polaroid Corp., has wanted to make it smaller and handier. Last week the Cambridge, Mass., company announced that it had found a way. It introduced a new camera that is lightweight (2½ lbs. v. 5 lbs. for other Polaroids) and not too much larger than the little 35-mm. camera that festoons tourists the world over. Any other company president might have wanted to do some personal boasting about such an achievement, but not publicity-shunning Edwin Land...
...same period last year), and the Automatic 100 should send them even higher. In line with Land's longstanding policy ("Let's only make what somebody else can't make"), Pola roid farms out the production of its camera to U.S. Time Corp. (Timex watch es), keeps only the top-secret film-making process to itself. By 1965, however, its patent protection will begin to run out, and the door will be opened to imitators from all over the world. Land intends to make it hard for them to catch up. The Automatic 100 even...
...provide air conditioning for 2,000 of his siblings, sons, sweethearts and hangers-on in the royal palace at Riyadh. An air-conditioned big league baseball stadium is going up in Houston, and $487,000 worth of cooling gear is being installed in the White House. Last week Carrier Corp., the industry's leader, landed an order to cool 180 new Chicago subway cars, and the Hartford Gas Co., which sells metered cooling and heating to office buildings, started operating the world's largest air conditioner-4,500 tons of cooling capacity...