Word: corp
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Dates: during 1970-1979
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...like Vice Presidents Dorothy Gregg of Celanese Corp. and Pamela Flaherty of First National City Bank, are now holding high executive positions in major companies. Sister Jane Scully, a Roman Catholic nun and president of Carlow College in Pittsburgh, recently became the first female member of the board of directors of Gulf Oil, joining a growing number of women corporate directors...
...Thailand, American companies have more than $120 million invested, largely in rubber tires, textiles and electronics. Preparing to journey for a firsthand look at the Asian situation, National Semiconductor Corp. President Charles Sporck last week termed his company's Thai assembly plant "a source of concern." He added that despite Thai government assurances that the plant is secure, "to tell you the honest truth, I'm not so sure." In the first quarter of 1975, applications to invest in Thailand from U.S. and other firms fell more than 50% below a year ago. Says Mitsuo Unabara, a Japanese...
...experience suited him for running a food company. During 20 years with Ford Motor Co., he played a major role in setting up the company's financial control system, became a director and eventually headed Ford's Australian subsidiary. In 1968 Booth joined the Rockwell International Corp., a Pittsburgh-based company that manufactures such durable goods as missiles and other space vehicles, gears, filters and textile machinery...
...company has had no leader since the February suicide of Chairman Eli M. Black, who had created United Brands in 1970 by merging his own AMK Corp. with United Fruit Co. A Securities and Exchange Commission investigation into Black's death uncovered a $1.25 million bribe United Brands had paid to a high official in Honduras in order to win a reduction in export taxes on bananas (TIME, April 21).* Last week the company disclosed that the U.S. Attorney in New York had subpoenaed documents relating to other possible payoffs in Italy, West Germany, Panama and Costa Rica...
Following Black's death, a long-simmering power struggle on the 14-man board intensified. On one side were supporters of Norman Alexander, chairman of Sun Chemical Corp. and a longtime friend of Black's who had joined the board to help find a successor. Opposing Alexander was a faction backing Edward Gelsthorpe, 53, United Brands' executive vice president and chief operating officer. He ran the Boston office and was the man considered most likely to succeed Black. As United Brands' losses mounted, the two men clashed so often that Black threatened to fire Gelsthorpe...