Word: corp
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Dates: during 1960-1969
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...used to running with a full head of steam here at IBM. I intend to keep it that way." With this determination, Albert L. Williams, 50, moved into the presidency of the International Business Machines Corp., succeeding Tom Watson Jr., 47-year-old son of the man who built IBM. Watson, who wants time for broader activities, will continue as IBM's chairman and chief executive officer, but will concentrate on long-term policy while Williams takes over day-to-day operations. First attracted to IBM by a newspaper report that Tom Watson Sr. was one of the nation...
...taking the gloves off," Wilfred MacDonnell, president of Great Lakes Steel Corp., told a Detroit press conference last week. Aides stepped forward with six aluminum auto bumpers, methodically proceeded to mutilate them by dipping them in corrosive baths, firing shotgun blasts into them, twisting and turning them into shapeless forms. Next, the same treatment was applied to six steel bumpers-which somehow managed to survive. Steel and aluminum are warring over the nation's largest metal market: the U.S. auto industry...
...necessary cash to develop the intricate gadget, Patterson swapped off AMF stock to acquire eight small companies with fast-selling products. The Pinspotter, perfected and put on the market in 1951, helped to turn bowling into the most popular U.S. competitive sport. Despite keen competition from the Brunswick Corp., AMF has remained the world's largest maker of automatic Pin setters. With 68,000 machines already on lease in the U.S. (for an average annual gross of $68 million), AMF last week got $3,000,000 contract to equip a new chain of bowling centers in the East...
...already sold out. In all, AMF has installed or on order 2,800 Pinspotters in 17 foreign countries, counts on the nascent global bowling boom to substantially increase its 1960 overseas sales of $22 million. To expand its line of recreational equipment, AMF has bought W. J. Voit Rubber Corp. (tread rubber, scuba gear), Ben Hogan Co. (golfing equipment), and Wen-Mac Corp. (engine-powered toy airplanes...
...Burger, 49, a G.E. division manager before he went off to jail, was elected president of LeTourneau Westinghouse Co., a subsidiary of Westinghouse Air Brake Co. that makes construction and earth-moving equipment. Frank E. Stehlik, a G.E. general manager who got a suspended sentence, was hired by Philco Corp. as manager of its communications and weapons division. Two other indicted G.E. executives have also landed jobs, and one has retired. Ten ex-G.E. men are still searching for companies that will let bygones be bygones...