Word: corp
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Dates: during 1960-1969
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...director-designate is a Roman Catholic, son of a San Francisco foundry owner. John McCone studied engineering at the University of California, hired himself out as a riveter after his graduation in 1922. By the time he was 32, McCone was executive vice president of Consolidated Steel Corp. Eight years later he left to form the engineering firm of Bechtel-McCone-Parsons, took on the added job of running the California Shipbuilding Corp. after the U.S. entered World War II. Starting from absolute scratch-its main yard was a swamp, and less than 1% of its 40,000 workers...
...World War II, Foster has held five major Government jobs, ranging from Under Secretary of Commerce (1946-48) to Deputy Secretary of Defense (1951-53). He is thoroughly familiar with both peaceful and military uses of atomic energy: since 1955 he has been vice president of Olin Mathieson Chemical Corp., which is spending millions in development of nuclear fuels, and in 1958 he headed a U.S. delegation to the U.S.Soviet conference in Geneva that futilely attempted to develop a system for preventing surprise attacks. By the reputation he brings to his new job, Foster is a just boss...
...Emory scientists took their measure of the future at Dawsonville, Ga., some 50 miles north of Atlanta, where the Lockheed Aircraft Corp. built a medium-sized (10,000 kw.) unshielded nuclear reactor for Air Force research on atom-powered airplanes. The reactor was set among wooded hills and abandoned fields that were reverting to forest, and in June 1959 it was allowed to operate for a short period at high level, spraying its surroundings with gamma rays and neutrons, the total dose simulating the effect of fallout after a nuclear...
...Based on a three-year-old Rand Corp. estimate of the radiation that worldwide fallout from a relatively small (20,000-megaton) attack would scatter on fields, woods and other parts of "the natural environment...
...When directors of troubled Chrysler Corp. tapped Lynn Townsend, 42, as president (TIME, Aug. 4), they gave him only one-third of the corporate power. Last week the other two-thirds was given to Executive Committee Chairman George Hutchinson Love, 61, who, as chairman of Pittsburgh's Consolidation Coal Co., is also the nation's biggest coalman. Chrysler's directors turned to Love because he is a proven comeback champion (his Consolidation is highly profitable despite the slump in coal). New Chairman Love will make policy and wield virtually the same powers as did former Chairman Lester...