Word: eastman
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...TIME, Feb. 25, all credit to Giant Eastman Kodak. But when the mouse outstrips the lion, isn't it TIME-worthy? In 1934 Universal, with its novel Univex, brain child of O. W. Githens and J. J. Shapiro, made and sold more cameras than any other manufacturer in the world, Eastman included. With its new super-lightweight folding vest pocket camera, made of aluminum and with "airflow lines" and retailing for an even dollar, Universal is set to produce 50,000 cameras a day this year...
Snapshotters and Hollywood are supposed to account for one-half of Eastman's unrevealed sales. Other big Eastman film outlets are amateur cinema, X-ray and professional still photography - all of which have grown amazingly since the War. Probably its biggest single source of profit is the foreign business, which is worldwide. But fastest-growing division is cellulose acetate, which Eastman uses as a base for safety film but also markets in various forms including Kodapak, competitive with Du Pont Cellophane...
When, at 77, George Eastman put a bullet through his heart for no apparent reason, he left his company in no confusion. For years the sociable old bachelor left Eastman management to a small staff of executives who decided all matters of policy by a majority vote. Last year when he reached 70 President William G. Stuber moved up to the vacant chairmanship, and General Manager Frank W. Lovejoy took his place as chief executive officer. Both have been with Eastman since the 1890's. Three younger executives were promoted to vice presidencies including Dr. Charles Edward Kenneth Mees...
Backed to the hilt by President Roosevelt, Coordinator Eastman proposed to transform U. S. transportation into an integrated national industry by the following methods...
...accomplish his ends Coordinator Eastman offered three alternative solutions: 1) Government cooperation; 2) Government compulsion; 3) Government operation. Because of its potentialities for evil as well as good, he would postpone consideration of Government operation for the present. Compulsion he regards as neither desirable nor feasible. His choice: general co-operation between Government and private carriers, a slow but sure method the success of which depends largely on the attitude of railroad managements, and their willingness to change present railroad practice...