Word: du
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Dates: during 1960-1969
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...small New Jersey roller-bearing plant. In 1916 William Durant, the flamboyant founder of General Motors, bought out Sloan, who became a G.M. executive. Only four years later, when Durant was forced out for speculating in G.M. shares, Sloan had shown such a flair for organization that the new Du Pont management made him executive vice president. In 1923 he became president...
From the time the Du Ponts took over, Sloan and G.M. were inseparable. He took hold of the seemingly unmanageable collection of divisions, some of which hid their cash from the others, and shook hard; he brought order out of chaos, and thus geared the company for a growth that hardly anyone else foresaw. He instituted G.M.'s famed-and often copied-system of "decentralization with coordinated control," emphasized selling autos on the installment plan, and set up G.M.'s first efficient auto-dealer system...
...were new M.D.s in the graduating medical class of 1961. Are we young physicians (most of us are still in training as residents at various hospitals scattered over the country) suddenly transformed into a part of this urgently needed pool of "technical scholars" for Du Pont, General Electric, and aerospace or did TIME goof...
...Russia? Manufacturers reap a $1.5 billion-a-year harvest from fertilizer, and their sales are growing 9% annually. Led by the biggest manufacturer, International Minerals & Chemical Corp. of Skokie, Ill., some 20 companies have plowed into the field, including such chemical giants as W. R. Grace, Monsanto, Allied and Du Pont. Since few farmers still rely on the less effective animal fertilizers, many meat packers-including Armour and Swift -have kept up with the times by diversifying into chemical fertilizers. Lately, half a dozen U.S. oil companies-among them, Gulf, Socony Mobil, Cities Service and Kerr-McGee-have come into...
Died. Irenee du Pont, 86, one of the world's wealthiest men (estimated empire: $400 million), longtime president and vice chairman (1919-40) of E.I. du Pont de Nemours & Co., world's largest chemicals company, a great-grandson of the founder, who with his late brothers, Pierre S. and Lammot, presided over the company's expansion during and after World War I from munitions manufacturing into paints, plastics, rayon and cellophane, plus a 23% stock interest in General Motors, worth some $3 billion when federal trustbusters finally forced divestiture last year; after a long illness; in Wilmington...