Word: donner
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...Fred Donner, the new boss of General Motors, has seldom spoken for publication in his 32 years at G.M., has operated as a financial expert as quietly as he lived-in a modest, middle-class home in Port Washington, Long Island, the type he could buy with about four weeks' salary. Last week, in the first interview since he was named G.M. chairman, Donner spelled out his ideas to TIME Correspondent George Bookman with thin-lipped determination to let people know that he is far more than a mere book balancer, hopes to prove that he is as forceful...
...outset, Donner aimed to set me straight on what he considers wrong impressions spread about him in news articles since he was promoted to chairman: "I am not taciturn, I am not shy. I am not afraid of people, and I don't even own a slide rule. People build up an image of a financial man that has no relation to reality. It will take a little time to get across the true picture...
Does G.M. feel a responsibility not to compete so hard as to drive marginal producers out of the business? Snapped Donner: "And when did you stop beating your wife? If you are thinking of Studebaker-Packard, we didn't drive them to their present con dition. They drove themselves there. Did you ever stop to wonder what they did with the profits of the lush war years, if they reinvested them in the business...
...paying Donner a sizable sum. Last year's total salary and bonus: $442,500. As board chairman he will get into the neighborhood of Harlow Curtice...
...Never Turn Away Business." Donner's teammate had a different career and also has a different personality. Ohio-born Jack Gordon, an easy-to-meet boss with a passion for mechanical perfection, graduated from the U.S. Naval Academy in 1922, the same year resigned because ships were few and the Navy encouraged young ensigns to leave. Earning a master's degree in mechanical engineering at the University of Michigan, Gordon joined G.M.'s Cadillac division as a laboratory technician. By 1946 he had become Cadillac's general manager, had also helped develop the gas-saving high...