Word: durant
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Dates: during 1950-1959
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...Pierre du Pont declared: "There was no discussion whatever [of this]. It was an unimportant statement ..." The only reason, said he, that Du Pont had bought into G.M. was to "get a good investment. . ." It was forced to invest millions more to buy out G.M. Founder William C. Durant, after his enormous losses in the stock market slump of 1920 threatened to ruin him and G.M. Pierre became president of G.M., but only, said he, "until a better-posted man could be found...
Under Pierre and Alfred P. Sloan, Durant's former assistant, G.M. was put back on its feet, its assets boosted from $605 million to $1.8 billion. But Pierre had not been able to get the exclusive use of Du Font's revolutionary new auto paint, Duco, for G.M. Irénée, then president of Du Pont, insisted on selling it to all comers. At no time, then or since, have Du Pont sales to G.M. exceeded 4.1% of its total annual sales...
...Will Durant and Bertrand Russell engaged in a debate at Harvard. "American colleges are all right," Durant said as he relaxed, afterwards. "I'm glad I went to one myself." He told an audience "Civilization and humanity certainly have advanced." Russell asserted that "Examinations are necessary but they should not be hypercritical inquisitions, but instead be digests of books to be read and criticized in a helpful way by the instructor...
...embroiled in a hot fight centering on Governor John Fine (see below). Michigan's 26 uncommitted are waiting with much more patience and internal harmony. Quietly, the Michigan delegates may have made the political news of the week when they met Sunday afternoon at Flint's Durant Hotel. They chose Detroit's George A. Shaffer, a resolutely uncommitted delegate (TIME, June 23), for their delegation's member on the convention credentials committee...
Wells, camera at the ready, began running toward her, but a passing motorist, Cyrus A. Samuel, beat him to the scene. "Don't jump!" cried Samuel. Replied Mrs. Durant: "Nobody can do anything. I'm very ill." But as Samuel kept pleading, she seemed undecided. According to Samuel, she grew noticeably more nervous as she caught sight of Wells, aiming his aerial camera with its long-distance lens. "Is he going to take my picture?" she cried. Samuel reassured her: "He's an engineer, holding a measuring box." But Wells continued snapping his shutter, and Samuel said...