Word: donner
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...Columbia-Presbyterian Hospital, which includes such former chief executives as American Telephone's Cleo Craig, Texaco's Augustus C. Long, Jersey Standard's Monroe J. Rathbone, and B.B.D.&O.'s Bruce Barton, along with some distinctly unretired figures, such as General Motors' Frederic Donner and U.S. Steel's Roger Blough...
Prices traditionally are set by the biggest, most efficient and most profitable company-General Motors-and Ford and Chrysler ride along. Last week, however, Chrysler President Lynn Townsend jumped the gun, announced price rises to cover the safety equipment. When G.M.'s Chairman Fred Donner 48 hours later announced that G.M.'s prices would be just about the same as last year, Chrysler was left about $50 out of line. Townsend acted either from cockiness or sheer need. Though Chrysler's sales have more than doubled since 1961, its rapid expansion of plants has left the company...
...could slash prices and still be in the black. But that would drive Ford, Chrysler and American Motors to the wall-and bring down the trustbusters. On the other side, Detroit insiders buzzed last week that Donner was worried that Congress might investigate G.M.'s profits if his company followed Chrysler and raised prices...
Good Year. Even without rises, automen expect that '66 will be another rewarding model year. G.M.'s Donner and President James Roche predict industrywide sales of about 9,000,000 U.S.-made cars. There are plenty of reasons for optimism: 6,000,000 old cars are due to be scrapped in the next twelve months, while the rich market of Americans aged 16 to 20 will bulge at 12.5 million. The typical family can certainly afford a new car-or two. In the past year, the nation's gross national product has increased 6.5%, personal income...
...highest salaries go to top U.S. executives, who are required by law to report them, along with bonuses and stock holdings. G.M. Chairman Fred Donner leads the list, with a pre-tax figure of more than $800,000 from salary and stock and cash bonuses. In fact, the ten highest-paid executives in the U.S. are all in the auto industry, including Chrysler President Lynn Townsend (salary plus cash bonus: $555,900) and Ford President Arjay Miller ($515,912). Salaries depend, of course, on a company's size and profitability and an executive's responsibilities. Pure pay runs...