Word: corp
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Dates: during 1960-1969
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...Republican who found a job on his own: Leo Hoegh, director of Eisenhower's Office of Civil and Defense Mobilization, now selling fallout shelters as executive vice president of Chicago's Wonder Building Corp. of America. Hoegh, whose name and face are prominently featured in Wonder ads, earns something more than the $25,000 yearly he got as OCDM boss, plus a share of the company's profits...
SHERWOOD HARRY EGBERT WHEN Studebaker-Packard Corp.'s new 6-ft. 4-in., 210-lb. president arrived in South Bend 2½ months ago, the city hung a sign over the streets proclaiming: "Welcome Sherwood Egbert." The townsfolk did not know Egbert but they knew very well that as Studebaker goes, so goes South Bend. And Studebaker is not going well; it has produced only 14,000 cars in 1961 v. 37,000 by this time last year. Inside the grimy plant, old hands had serious misgivings about how good the new driver would be, since...
...dealers (down from 2,600 in 1959) One of Studebaker's troubles is the fall-off of dealers, mostly among "duals" who handled the Lark along with other makes until other automakers brought out their compacts. Some dealers began to drop the Lark, but Studebaker thought Chrysler Corp, went too far. Studebaker prodded the Justice Department into filing an antitrust suit charging Chrysler with pressuring dealers who were selling the Lark to drop it or not get the Valiant franchise...
...studied engineering so he could talk a mechanic's language. During World War II, when he went into the Marines as an Air Transport Service officer, he learned to fly to know a pilot's problems. After the war he went to McCulloch Corp., helped build it up from a tiny company housed in Quonset huts. He took his wife on outboard races on the rough Colorado River through the Grand Canyon ("How can you" be in a business without knowing the product...
...able to do the work. To prove this was not so, he borrowed $8,000 to start Abilities, talked subcontracts out of Servomechanisms Inc. and the Sperry Gyroscope division of Sperry Rand. Now his impressive list of customers who subcontract work to Abilities includes Republic Aviation, Dictaphone Corp., Sikorsky and Bendix...