Word: cresap
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Dates: during 1960-1969
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Whimsical Junking. Westinghouse directors picked Burnham, who was vice president of the industrial-products group, from among 43 vice presidents to take over from ailing President Mark W. Cresap, 53. A onetime management consultant who in five years at Westinghouse brought the company from malaise to new health, Cresap's own health has been bad ever since a bout with hepatitis last year. Recent complications brought doctor's orders to give up work completely, and last week Cresap underwent surgery at Pittsburgh's Presbyterian Hospital for a gastric hemorrhage...
...Mark Cresap, president, Westinghouse Electric Corp...
...market's 34% rise since last June. The only real concern that businessmen seem to have is about what lies ahead in the uncharted territory into which the rising economy is leading the U.S. "The important question is not whether we are moving into a boom," says Mark Cresap, 53, a onetime corporate planner whose long-range judgments lifted him to the presidency of Westinghouse Electric, "but what kind of boom it will...
...reducing payrolls, they realize that high unemployment during a time of prosperity is bound to prevent the U.S. economy from reaching its full potential. "We simply cannot have real prosperity and steady growth at the same time we have a near-recessionary unemployment rate," says Westinghouse's Mark Cresap. "Talking about a solution over the next five years means talking about no solution at all. We cannot live with this thing for five more years...
...merged three chemical divisions into one and opened two plants in Europe. Kennedy received one of the planner's ultimate rewards: he has been made president of the Miles products division. Though the field is new, several other planners have already reached the top, including Westinghouse President Mark Cresap and Northrop's Chairman Tom Jones...