Word: donner
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...their singing, dancing paces last week as a musical skit called The Magic Man opened General Motors' 1961 Motorama of 36 new cars at Manhattan's Waldorf-Astoria. Not in the show were some cheery lines spoken by short (5 ft. 8 in.), grey-haired Frederic Garrett Donner, 58, General Motors' board chairman and its chief executive since 1958. The world's largest industrial corporation, announced Donner, plans to spend $1.25 billion next year to expand and develop its worldwide (21 countries) auto empire, testifying to its faith in "continued economic progress." If consumer incomes continue...
...directly or indirectly employed in the automotive industry. The industry consumes 18% of all U.S. steel shipments (10-15 million tons annually), 43% of all lead, 64% of all natural rubber. With 47% of U.S. auto production, G.M. is the auto industry's biggest force -and Fred Donner is its most powerful, though in some ways its most retiring spokesman...
Little known when he took over G.M., little inclined to be as visible as his predecessors, "Engine Charlie" Wilson and Harlow Curtice, Donner shuns speechmaking, keeps a careful cowl over his personal life and, says one colleague, "has an idea that General Motors' chairman is expected to be one of the most dignified men in the world." He rose through the financial side of the business, has never worked at making or selling a car. Donner does not consider this unusual. "People seem to think of accounting as a rigid little box," he says. "At General Motors the financial...
...board chairman and chief executive officer of the world's biggest industrial firm, General Motors' Frederic Garrett Donner, 57, pulled down a healthy $670,350 in compensation last year, according to a G.M. statement issued last week. Donner's income: salaries and fees, $201,350; bonuses, $351,750; contingent credits (on stock options), $117,250. Estimated income after taxes...
...Donner's memory reaches full crest, a whole town passes in review-the poor, the well to do, the occasional suicide or murderer, the eccentric, and underneath all, a solid support of hard work, kindliness, Pennsylvania Dutch stubbornness and no-nonsense Lutheranism. Now Don ner knows that he loved all this. To the love for his mother, the constant in his life, is now added an insight far different from and more imaginative than the anti-daddy theme so often at the heart of current fiction: "That all those disturbing things seen and felt in the father, which...