Word: corp
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Dates: during 1960-1969
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...ways that are overlooked in times of plenty. NBC Chairman Robert Sarnoff now has two secretaries instead of three. American Airlines, which had more than a 50% decline in first-half profits, has decided to re-use plastic dishes from its food trays instead of discarding them. Minute Maid Corp. tallies the length of all long-distance phone calls, gives a "Joe Blow" award to the longest-winded employee. Savings per year...
...insurance companies, I live in a glass house." So last week said a shaken Carrol Shanks, president of the Prudential Insurance Co. What shook Shanks was that his glass wall had been suddenly and rudely pierced by some mighty embarrassing gazes. With the business world still buzzing over Chrysler Corp.'s conflict-of-interest troubles (TIME, Aug. 22), Shanks was shown, in a Wall Street Journal article, to have been the buyer of valuable timberland for Georgia-Pacific Corp., a Prudential borrower and the biggest U.S. plywood producer, in a complex deal that could save him as much...
...Journal sprang its surprise after Reporter Ed Cony visited the Georgia-Pacific Corp. to do a story on the integrated lumber industry. Back in June, the New York Times had reported the deal between Georgia-Pacific and Shanks in a story that gave no figures, caused little comment. But that was before the Chrysler furor. When Reporter Cony pieced together the deal's details, the Journal put the story on Page...
...Five firms bid for the rights to 90,000 sq. ft. of air over a two-block area in Upper Manhattan that has been cleared of old apartment buildings for a new expressway approach to George Washington Bridge. The highest bidder: Manhattan Realtor Marvin Kratter, 44, whose Kratter Corp., formed only last year, has become one of New York's most aggressive and ambitious builders. The sale marked the first time New York City has sold air rights over a sunken road for buildings to rise over...
Died. Arthur W. Hermann, 72, a foreman from 1918 to 1922 of the U.S. Radium Corp., against which he filed a $1,000,000 damage suit three months ago, charging that he had suffered radium poisoning while at work; of cancer; in East Orange, N.J. Forty-three women employees of the company during the same era subse quently died of radium poisoning, probably from swallowing the radioactive substance while moistening the brushes they used in painting numerals on watch dials...