Word: detroits
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Dates: during 1950-1959
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Long before businessmen were accepted as fit heroes for novels, TIME and Editor Purtell, a Milwaukee and Detroit newsman before he joined us in 1942. knew that businessmen could be as exciting and interesting as even the most bohemian artists. Once, at a party for a group of artists and musicians, Joe found himself to be the center of attention. Later his wife asked: "What on earth did you talk about that interested them so much?" Purtell grinned...
...Curtice loses some of the friendly crinkles around his eyes when he settles down between his two desks to run the corporation from the 14th floor of Detroit's General Motors Building. As he scans the reports from G.M.'s earth-girdling ventures in autos, Frigidaires, diesel locomotives, radios and earthmovers, he becomes again the eagle-sharp comptroller who can tell from figures how men and machines are doing. His predecessor, rumpled Engineer Charlie Wilson, used to gab cheerfully with friends, and occasionally gave friendly advice to some of his lesser competitors, such as Nash and Kaiser. Curtice...
...Ford agreed to sell for $8,000,000, but at the last minute Durant's bankers backed away from the $2,000,000 down payment.) Durant settled instead, in 1908, for a combine that included Buick, Oldsmobile, Cadillac, Northway and Oakland, and called it the General Motors Co. Detroit called it "Durant's folly" until, in 1910, G.M. sold $34 million worth of automobiles and netted $10.5 million (since it was before taxes, literally...
Beneath all the glitter, Curtice is regarded by friends as essentially still the small-town boy who came out of Petrieville, Mich. He likes to watch the fights and The $64,000 Question on television, read the papers, hunt, watch the Detroit Tigers (the night games only). He puffs casually on Luckies, likes his Scotch and soda strong and unstirred. His idea of Saturday fun in Flint is a run through the Buick plant in the morning and a poker game with his City Club cronies in the afternoon. He lives in a relatively modest red brick corner house, with...
...year. Flint has an automobile for every 2.8 persons, v. a nationwide average of one for every 3.7. Nearly 80% of the residents own their own homes, and 80% of the homes have television (even though 15-or 20-ft. aerials must be stuck on rooftops to pick up Detroit). Spending is heavy, but savings accounts are going up too. "People have got money," says President E. S. Mulholland of Flint's largest department store. "They feel safe...