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Five Minutes a Year. A prime reason for Goodyear's historic success has been innovation-or, as Chairman Russell DeYoung puts it, "You can reflect on past glories for five minutes each year, then forget it." Goodyear's firsts include the rayon cord tire in 1938, the nylon cord in 1947 and the polyester cord in 1962. Last week the company's latest creation was introduced: a polyester and fiber-glass tire, which will be sold as a replacement for original equipment tires and is said by the company to have twice their lifetime. More expensive than...
...DeYoung for the Young. Very much in charge of Goodyear is Russell DeYoung, 58, who became chairman four years ago after six years as president. He neither smokes nor drinks, otherwise keeps in shape by taking a quick 50-lap swim in his homeside pool every night. He needs all the stamina he can muster. In Akron alone, Goodyear stretches five miles, which makes his regular inspection a hearty workout. He also goes abroad several times a year and logs 2,000 miles a week visiting Goodyear's 50 other domestic plants...
...Akron office, DeYoung scans a series of statistical logs for the big picture. A few years ago, he saw in his statistics that Goodyear tires were losing popularity among the young sports-car set. His answer was to get the company back into racing after a 40-year lapse; in 1967 Goodyear tires were on winning cars at the Indianapolis, Le Mans and Grand Prix championship races, all of which cost a cool $5,000,000. DeYoung thinks it was worth it. "The younger generation likes it," says he, "and we get an opportunity to test ourselves against competitors...
...Beta Kappa has elected its Senior Sixteen. They are: Donald M. Berwick of Winthrop House and Moodis, Conn.; James F. Coakley of Leverett and Arlington, Va.; Bruce C. Dieffenbach of Winthrop and Washington, D.C.; Stephen W. DeYoung of Adams and Rochester, N.Y.; Richard S. Ellis of Winthrop and Dorchester; and also Irwin Gaines of Lowell and New Rochelle, N.Y.; Ira G. Greenberg of Dunster and Miami, Fla.; Walter Jaros of Adams and Great Neck, N.Y.; and Michio Kaku of Leverett and Palo Alto, Calif...
...Russell DeYoung, Chairman, Goodyear Tire & Rubber...