Word: corp
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Dates: during 1960-1969
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...polls: the G.O.P. needs stronger city organizations, better candidates. Nixon himself was trying, with only partial luck, to persuade attractive Republicans to run for key posts. Senator Jacob Javits bowed out of the New York City mayoralty race (see New York) despite Nixon's urging. American Motors Corp. President George Romney was still pondering Nixon's suggestion that he run for Governor of Michigan...
...Frustrated earlier this year by a legal technicality, Delbert W. Coleman, 35, president of Chicago's Seeburg Corp., last week made good on his attempt to take over the cash-heavy Pacific Coast Co. Though ill with hepatitis, Coleman showed up at Pacific's annual meeting with 52,600 shares of stock, was elected chairman of the 63-year-old San Francisco company, which runs lumber, tanker and mining operations. Coleman plans to keep Pacific Coast separate from his Chicago jukebox and vending-machine business, but some of Pacific Coast's silver dollars may be dropped...
...while population has increased only 30%-not because more people are getting sick but because more people can afford, or are guaranteed, treatment. In the next ten years some $17 billion will be spent to build, equip and modernize hospitals. Soaring with this increase is American Hospital Supply Corp., whose aggressive acquisitions and imaginative selling have made it by far the biggest of the 600 companies that supply and equip hospitals. Already A.H.S. has 10% of the market. In the past six years its gross income has risen 165% and its profits 200%. Last year it made $4.2 million...
WHEN venerable Thomas J. Lipton Inc. of tea fame bought the Good Humor Corp. (for $8,200,000), it acquired two typically American products : ice cream on a stick and Good Humor President David J. Mahoney, 37. Lipton plans to expand Good Humor into more hot-weather cities, may add cookies and other child-appealing products to its line. An Army captain at 22 and the $25,000-a-year vice president of an ad firm at 26, Mahoney took over Good Humor in 1956, is one of the nation's most aggressive marketing...
Opening a campaign to lure more U.S. dollars into the booming Japanese stock market, Sony Corp., aggressive Japanese electronics manufacturer, last week told SEC that it plans to sell $4,000,000 worth of common stock in the U.S. next month. Besides Sony, 15 other Japanese companies are considering putting securities on sale in the U.S. soon. To cut red tape and long transpacific transactions, Sony will give U.S. investors American depositary receipts instead of stock certificates. These will carry full ownership rights and can be freely traded in the U.S. As an added lure, the Japanese government last week...