Word: corpe
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Dates: during 1950-1959
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...President Thomas J. Watson Jr. of International Business Machines Corp. announced that in memory of his father ("Think"), IBM is launching one of the largest scholarship programs ever undertaken by a single company. With the help of the National Merit Scholarship Corp., IBM will each year pick (on a competitive basis) 25 children of employees and 25 seniors from secondary schools all over the U.S. for four-year scholarships of varying amounts. In addition to the scholarships. IBM will provide a special cost-of-education gift to each school chosen by its winners. The average annual tab to be picked...
Through its own training program, General Electric discovered that the flow of ideas from its middle-echelon executives increased 300%. International Business Machines is a brainstorm booster; Chrysler Corp. has tried it, and so have Union Carbide & Carbon, Celanese Corp., American Oil Co., U.S. Steel, Radio Corp. of America, Boeing Airplane Co. Even if the ideas themselves are unworkable, the discussion shakes up workers and bosses alike. Says Chrysler's William D. Merrifield, boss of the company's industrial education program: "The main thing is 'to develop a climate among your executives that is favorable...
PENN-TEXAS CORP. now owns a surprisingly high 40% of stock in Fairbanks, Morse, and is still buying heavily for proxy showdown March 27. Penn-Texas bought 161,450 shares during January, by month's end held 550,050. Present Fairbanks management owns about...
When worried stockholders of American Motors Corp. met in Detroit last week, they were prepared for bad news about the company, which in fiscal 1956 lost $19.7 million. They were not disappointed. In the first quarter of its fiscal 1957 (October through December), the three-year-old merged hybrid (Nash-Kelvinator-Hudson) piled up a loss of $2,994,613 v. a profit of $2,512,568 in the same period the year before...
...General William Morris Hoge, 63, will become board chairman of Cleveland's Interlake Iron Corp., nation's No. 1 independent pig-iron producer (sales: $125 million), filling a post vacant since 1951, when Leigh Willard died. A West Pointer ('16) with a civil engineering degree from M.I.T. ('22), topflight Army Engineer Hoge served under MacArthur as first chief of the Philippine Corps of Engineers (1935), built the Alcan Highway (1942), was a member of the group that planned and operated Omaha Beachhead on Dday. He also commanded the armored division that captured the Remagen Bridge (first...