Word: corp
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Dates: during 1960-1969
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Oceanic End. Meanwhile, the debate over Viet Nam, though hardly running out of steam, seemed to be running out of ideas. Last week General Lauris Norstad, former NATO commander who now runs the Owens-Corning Fiberglas Corp., had a proposal for handling the myriad end-the-war proposals. "It is not my purpose to play the game of 'if I were President,' " Norstad told a Los Angeles Chamber of Commerce audience, "or to present a specific plan. The ideas are there, they have been presented. I urge that they be molded into a clear, positive, direct plan...
...keep surtaxing and surtaxing until we're surtaxed to death," says President A. Clark Daugherty of Rockwell Manufacturing Co., "but it won't help unless federal spending is cut." The difficulty about wielding an ax on the budget, noted Chairman Roger Blough of U.S. Steel Corp. last week, is that "nobody has come forward with a list of priorities that would command a consensus." Blough's somewhat idealistic recommendation: political support for "elected officials who vote to cut government spending even if this affects our own pet projects and communities...
...went William E. McKenna, 48, a smooth-talking senior vice president from Litton Industries with an accounting background and a Harvard Business School degree. Simon makes no bones about the reason for the change: he wants to expand his empire of subsidiaries and affiliates, which already includes McCall Corp., Hunt-Wesson Foods, Inc., Knox Glass Inc., Canada Dry Corp. and Crucible Steel Corp. of America. Says he: "Fabian has been largely an operating chief and has been damned good at that. But Hunt is getting more acquisition-minded, so we need a man whose primary orientation is finance...
...situations impel companies to merge - too much or too little cash, a shortage or a surfeit of able executives, tax advantages or growth-manship. Last week two large but little-known conglomerates agreed to unite for an equally compelling reason: they were practically married anyway. Toronto-based International Utilities Corp...
...Philadelphia's General Waterworks Corp. have in common not only the same chairman, Stockbroker Howard Butcher III, but also the same president and chief executive, Chemical Engineer John M. Seabrook. The trouble with that sort of alliance, says Butcher, is that "It's almost impossible for one management to run two parallel companies. In acquisitions, for example, how can you tell which...