Word: donners
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...locker rooms of the Detroit Athletic Club, and at the 19th hole of the Bloomfield Hills Country Club, the guessing game has been going on for months. Who will move up when General Motors Chairman Frederic G. Donner steps down...
...Donner reaches G.M.'s mandatory retirement age of 65 this week. If he follows company custom, he will give up his chairmanship by month's end, but he will probably keep a seat on G.M.'s board and a place on the all-powerful finance committee. It is almost taken for granted that Donner's successor will be the current president and chief operating officer, 60-year-old James M. Roche (TIME cover, May 20, 1966). Most of the speculation, therefore, swirls around the identity of the man who will replace Roche...
Odds are that the new president will be one of G.M.'s five present executive vice presidents: George Russell, 62, Roger M. Kyes, 61, Edward N. Cole, 58, Semon E. ("Bunky") Knudsen, 55, and Edward D. Rollert, 55. On the basis of seniority, Russell, who has long been Donner's top financial aide, stands first in line. But since G.M.'s presidency ordinarily leads to the chairmanship, with at least three or four years in each post, Russell's age is counted against him. The same applies to Kyes, who served in the Eisenhower Administration...
...recent safety and sales problems, it is still counted a success in G.M. circles. An articulate man with an outgoing personality, Cole should be the favorite for the big job if G.M. is anxious to polish its public relations image, which became somewhat tarnished under austere Fred Donner. But Cole has a black mark on his record: he was less than stringent in enforcing Donner's policy against participation in auto racing...
...Katz therefore took his earnings from Rite-Kit, set up Paper-craft. He was willing to innovate; among other things, he helped pioneer the change from flat-folded Christmas wrappings to those sold by the roll. His stock in trade is the traditional design -Santa Claus, the Christmas tree, Donner, Blitzen, etc. This has helped him to become the main supplier of Christmas wrapping paper to tradition-minded giants like Sears, Roebuck...