Word: firm
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Dates: during 1950-1959
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Edward Heath, 43, Chief Tory Whip in the House of Commons. The man responsible for the cohesion and discipline of Tory M.P.s, quiet, determined Ted Heath performed near miracles by his firm but gentle enforcement of party loyalty during the Suez crisis. Widely considered the personification of Tory good sense and good manners, he is likely to be rewarded with a Cabinet post-perhaps the Ministry of Labor, if Iain Macleod moves...
...spokesman, Dotto went crooked. So did For Love or Money (whose "dancing decimal machine" was rigged to chisel down the contestants' possible winnings). After a contestant reported he had been fed an answer, CBS even began to investigate The $64,000 Challenge (which was owned by a packaging firm controlled by CBS-TV President Lou Cowan). The network chucked all three shows between August 1958 and last January. But it has continued to ride with Name That Tune, though it publicly admits that some contestants are asked to identify songs that they have been tested on before...
...soon after Charlie Van Doren's fabled splurge, NBC had bought out their packaging firm, Barry and Enright Productions, Inc., for $2,200,000, also gave them long-term contracts as producers at $100,000 each per year. Fortnight ago, burned by the investigation, Barry and Enright closed out the contracts for a lump settlement...
...INSURANCE RATES will be cut 10% on compact cars by Allstate Insurance Co. because firm says small cars will cause less damage in accidents, have smaller glass area, and are cheaper to repair than big cars...
...crash, Avery had piled up a huge reserve of $327 million in cash and Government securities, but in every other way the company was sick. Says a Ward's executive: "Avery was actually liquidating the company, though he didn't realize it." Avery had hobbled the entire firm with his one man rule (he had to okay every expenditure over $100), and knocked employee morale to the bottom. Net sales dropped from $1.1 billion in 1950 to $999 million in 1954. Barr set out to sweep out gloom, bring on a boom...