Word: corp
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Dates: during 1960-1969
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While laying out what he has cheerfully admitted will be "the greatest international exposition in history," Robert Moses, bluff president of the 1964-65 New York World's Fair Corp., did not hesitate to fault a predecessor. "Many people-some of them well-meaning-suggested we set some sort of classic pattern for the exhibit's architecture," said he, "but we decided not to trap our exhibitors in a maze of conformity. The 1893 Chicago fair, which held strictly to a Greek and Roman mold, set American architecture back 50 years...
Another Inquirer exclusive reverberated all the way to Washington. After discovering that Lockheed Aircraft Corp.'s Marietta, Ga., plant provided separate time clocks, dining and rest-room facilities for Negroes and whites in non-compliance with a federal order forbidding discrimination in Government contract work, the paper published the facts and focused White House attention on Marietta. Lockheed in now integrating in Georgia...
...seemed doomed to banishment from the corporate big time. Ousted from his $125,000-a-year job as general manager of General Electric's turbine division, Ginn a month ago accepted the relatively humble position of assistant to McClure Kelley, president of Philadelphia's Baldwin-Lima-Hamilton Corp., makers of heavy machinery. Last week, Baldwin-Lima-Hamilton moved Kelley up to board chairman and Ginn (pronounced as in "begin") into the presidency. Ginn's new salary is still undisclosed, but former President Kelley made...
...signs of firming up. Besides RCA, which has been the only major manufacturer in the field since 1956, General Electric plans to start making color-TV sets again in the fall. And in Chicago last week, squads of engineers were busily tooling up a production line for Zenith Radio Corp.'s new color set-a product that will be unique in at least one respect. Zenith's prices, company officials proudly claim, will start well above those of competing models now on the market...
...since it knocked out cotton tire cord after World War II. Developing a new, high-strength rayon called Tyrex, the rayon companies formed an association to promote it, even sent teams to high schools to lecture teenagers on the superiority of Tyrex over nylon. Nylon makers, led by Chemstrand Corp.. fought back not only with advertising but with price cuts. Before long, tire-cord prices dropped so sharply that the rayon makers, working on tighter profit margins, found themselves in trouble. Industrial Rayon Corp., with two-thirds of its business in tire cord, lost money last year...