Word: corpe
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Dates: during 1950-1959
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COUNTERATTACK against Financier Leopold Silberstein is being pressed by Robert H. Morse Jr., whose control of Fairbanks, Morse & Co. is challenged by Silberstein's Penn-Texas Corp. in proxy war (TIME, Dec. 17). Morse has bought 1,100 shares of Penn-Texas stock, is helping finance dissident stockholders trying to unseat Leopold Silberstein from Penn-Texas presidency...
...senior partner in the management consultant firm of Booz. Allen & Hamilton, John Lawrence Burns, 48. got a reputation for being able to get quickly to the heart of a corporate problem-and solve it. One of his chief clients was Radio Corp. of America, which Burns has advised for the last ten years. Last week RCA used Burns to solve a major problem: where to find a younger president with broad experience and knowledge of the corporation. The new president: Burns. He will succeed President Frank Folsom, 62, who will become chairman of the executive committee...
...Corp. and boasting a stage show that glittered with some $10 million worth of borrowed jewelry. Some costumed lady guests were marvels to behold, but none greater than the international set's large-hearted partygiver, Elsa Maxwell, 73, bedecked with such garnish as one of the world's biggest rocks (a 337-k. sapphire) in her guise of Russia's Empress Catherine the Great. Also gone regal was Metropolitan Opera Soprano Maria Meneghini Callas, playing her greatest nonsinging role as Hatshepsut, an 18th Dynasty Queen of Egypt. Prattled Columnist Maxwell just before the ball: "Maria...
Probers are checking charges by the Better Business Bureau that some drivers over the age of 25 are paying the higher rates set for drivers under 25. Involved are the insurance subsidiaries of Commercial Credit Co., Associates Investment Co., Pacific Finance Corp., C.I.T. Financial Corp...
SUPERSONIC TALOS, Navy's top-rated missile for -long-range antiaircraft defense, will go into operational use within the next twelve months under the first big production contract. Navy has placed $27 million order with Bendix Aviation Corp. for surface-to-air missile capable of carrying atomic warhead, will step up weapon's 75-mile range to 100 miles. Cruisers Little Rock and Galveston now are being converted to carry Talos...