Word: corp
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Dates: during 1960-1969
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...last summer, General Electric Chairman Ralph Cordiner says: "In mid-June through October, the economy seemed to be geared to the stock-market reaction, and people apparently lost their confidence. But that seems to be behind us now." Samuel A. Groves, president of Boston's United-Carr Fastener Corp., now sees the stage set for a move "pretty steadily-if slowly-upward." He is seconded by Raytheon Financial Vice President George Ingram Jr., who looks for "a gradual improvement this year...
...Teheran, a salesman from Lockheed Aircraft Corp. is hoping to get the signature of the Shah of Iran on a contract to buy a JetStar corporate jetliner. Indonesia's President Sukarno already owns one. So does Millionaire Harold S. Vanderbilt of Palm Beach and New York. But executive jets are running into stiff sales resistance from the very group for which they were intended: corporate executives. The difficulty is not salesmanship (a demonstration ride can be arranged at the drop of a hat) or a lack of a choice. Eleven planemakers, including four in the U.S., have corporate jets...
Many of the autos parked outside the Philadelphia headquarters of Philco Corp. these days are new Fords. Ever since Ford Motor Co. took over Philco 15 months ago, Philco's workers, as new members of the Ford family, have happily taken advantage of Ford's employee discount. Other signs of Ford's presence at Philco are less visible, but far more dramatic. The marriage of Ford's money and management to Philco's scientific knowledge has given once-faltering Philco new strength...
Desire to Dethrone. The two big survivors of the top ten are both Southern: the redoubtable Jim Walter Corp. of Tampa, Fla., and Modern Homes Construction Co. of Valdosta, Ga. Unlike other firms, whose skimpy financing forced them to rely on high interest mortgage money, Walter and Modern Homes carefully, developed lines of credit that enabled them to do their own financing. An affable, smooth-talking Floridian who is a wealthy man at 40, Walter carefully built up his company until it now has 150 branch offices and is the second larg est homebuilder (after National Homes Corp.), with sales...
Appeals Endured. Harry Oppenheimer is the wealthiest and mightiest businessman in Africa. Besides his global hold over diamonds, Oppenheimer, through the Anglo American Corp. (of which he is also chairman), controls or holds substantial interests in a $2.4 billion empire of 150 gold, copper, uranium, coal, chemical, explosives and banking companies. A member of South Africa's Parliament for ten years, he left politics to run the business after his father's death in 1957. Because he controls South Africa's chief source of foreign exchange, and is a man with an international reputation, the nationalist government...