Word: egbert
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Nearly two decades have passed since burly Sherwood Harry Egbert, the flamboyant and forceful president of Studebaker Corp., learned to fly as a Marine Air Transport officer. But "Woody" Egbert is still as fascinated with flight as ever. In fact, says a friend, "the only time he can relax is when he's at the controls of a plane." Last week Egbert's predilection for planes became more than a hobby. Subject to CAB approval, Studebaker announced its purchase of Trans International Airlines, Inc., a profitable California nonscheduled carrier that grossed $6,000,000 last year. The price...
Amateur Airman Egbert was clearly delighted at the prospect of getting his hands on Trans International's DC-8 jet and four Lockheed Constellations, which the airline uses principally for military contract work. But the Trans International purchase was only the latest step in a pell-mell diversification program under which Studebaker has bought up nine companies at a total cost of more than $100 million in cash and stock...
...Monday President. Fokker is run by a troika of joint managing directors: Frits Diepen, 47 (sales and service); Hein During, 58 (finance and administration); Egbert van Emden, 47 (production and development). "Every Monday morning," says Diepen, "we sit down together and are the president." But having three pilots has not stunted Fokker's growth. Its sales have been steadily rising despite The Netherlands' severe labor shortage, are now running at an estimated $125 million a year...
...betting more heavily on snatching a part of the high-priced neo-sports market away from the Thunderbird than Studebaker President Sherwood Harry Egbert. If his speedy new Avanti (TIME, April 13) sells well, he intends to transfer some of its sleek Italianate lines to other Studebaker models next year...
Died. Burton Egbert Stevenson, 89, sprightly anthologist and founder of the American Library in Paris, a onetime printer's devil who left nothing to chance in his meticulously compiled Home Books of quotations, verse, proverbs and maxims -a lifelong opus of more than 30,000 pages-marked by artful delving into literary sources from Greek preachments ("Abstain from beans"-Pythagoras) to English epigrams ("Tell it to the Marines"-Charles II to Mr. Samuel Pepys); after a long illness; in Chillicothe, Ohio...