Word: corp
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Dates: during 1960-1969
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Whether or not the Soviet Union has nuclear bomb shelters is a subject of some sharp controversy in the U.S. When Rand Corp. Expert Leon Goure reported last year that the Russians are quietly engaged in a massive civil defense effort (TIME, Nov. 10), many Westerners in Moscow scoffed. Soviet officials ridiculed the fitful U.S. shelter program as a waste of time and money. Shelters, said Soviet Defense Minister Rodion Y. Malinovsky, are "nothing but previously prepared tombs...
Whither Chrysler? Chrysler Corp., relegated to the back seat among Detroit's Big Three, has skidded from 18% of the market in 1957 to 9.6% this year. At the rate it is now selling, it has a 91-day backlog. All of its vaunted "European"' styling has not stalled the continued decline of Plymouth, Dodge, Valiant and Lancer. Chrysler has pinned much of its hopes for a future comeback on its new chief stylist, Elwood Engel, 45, who was netted last fall in a raid on Ford, where he was a disciple of flamboyant George Walker...
There are some bright spots at Chrysler Corp. The big Chrysler, now stripped of the fins of yesteryear, is the only non-G.M. car to expand its market share this year (currently: 1.95%). The company has considerable cash reserves (total: $81 million). New Chairman George Love, 61, and President Lynn Townsend; 42, are investing heavily in developing more salable cars and stronger dealerships. They have also slashed away so much of the overhead, deadwood and inefficiency of previous management that Chrysler racked up an $11 million profit in 1961 despite sharply reduced sales...
...boats are being constructed by Day Corp. of Fall River. George '4S is a former captain of the sailing team...
...agree that labor costs should go up only as productivity does. Steelworkers figure that they have been boosting productivity by somewhat more than 3% a year, while the steelmakers contend that the rise is 2% or less. Last week management's argument was publicly voiced by U.S. Steel Corp. President Leslie B. Worthington, 59, a coal miner's son who rose through sales to become second in command (to Chairman Roger Blough) of the world's biggest steelmaker. Said the usually soft-spoken Worthington...