Word: corpe
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Dates: during 1950-1959
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...split basis, and Rockefeller, with $3,970,000 worth, is Eastern's biggest stockholder. In 1939 an unknown plane designer, J. S. McDonnell, came to him with some paper plans for an advanced type of fighter. Rockefeller put up $10,000 and McDonnell Aircraft Corp. became one of the top plane companies. When Rockefeller's holdings were worth $400,000, he sold out-as he usually does when a company "matures"-to invest in newer companies...
Just after World War II, Navy brass urged Rockefeller to bail out a sputtering rocket pioneer, Reaction Motors. Against his financial aide's advice, Rockefeller put up $500,000. After a tough decade, Reaction grew strong enough to merge with Thiokol Chemical Corp. last year, and Rockefeller got Thiokol stock that is now worth $4,200,000. In 1950, Rockefeller put $202,000 into low-flying Marquardt Aircraft Co., a pioneer in ramjet propulsion; his interest zoomed to $5,200,000 after Marquardt started making ram-jets for the Bomarc missile. But the fastest rise...
...other millions in just-beginning companies-Geophysics Corp., Nuclear Development Corp., etc.-that explore everything from spaceship design to missile defenses. He is also moving into a new investment area that combines his lifelong interests in travel, conservation, development of backward areas. In the Virgin Islands. Rockefeller set up the 600-acre Cancel Bay Plantation resort, donated another 5,000-acre plot that became the U.S.'s 29th national park. In Puerto Rico he built the lavish $9,000,000 Dorado Beach Hotel. While Rockefeller thinks that the Caribbean will become a winter Riviera for the Western world...
...week took an old-fashioned ax to the next generation of U.S. military aircraft in what may well be the start of a new cutback in aircraft and missile programs. The Air Force announced that it was abandoning plans to produce high-energy boron aircraft fuels at Olin Mathieson Corp.'s two-city-block, $45 million plant near Niagara Falls, which was scheduled to deliver its first batch of exotic fuel this month. It also canceled a contract with the General Electric Co. for producing the J-93-5 engine to power North American Aviation's "chemical...
Self-Contained Music Player. A small (22 in. long, 51 Ibs.), automatic background-music player that provides 37½ hours of music on 16⅔ r.p.m. records was put on sale by Seeburg Corp. It will be leased for as little as $30 a month...