Word: firmed
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Dates: during 1960-1969
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...easy-mannered Ramsey served a hitch in the Marine Corps at the end of World War II, then studied at the University of Texas and at Chicago. Diligent, if not brilliant, he earned three degrees in four years, in 1951 joined his father's old Dallas law firm, there lost only one jury case in ten years...
...Heath, Xerox has assumed control of the Wesleyan University Press, and RCA, parent of CBS's great rival, NBC, has taken over Random House, is also diversifying in other ways (see following story). Time Inc. and General Electric have gone into a fifty-fifty partnership in a new firm called General Learning Corp. Beverly Hills-based Litton Industries plans to buy the American Book...
...loot them, a mustached sea captain, Israel J. Merritt of New York, organized an honest salvage operation. Merritt's aim was to save a vessel from sinking if he could-or, if he could not, to salvage it and its cargo. He succeeded so well that his firm, joined by two others, grew into Merritt-Chapman & Scott, the nation's largest corporation involved in marine salvage, and later a construction giant as well. But eventually, Merritt-Chapman & Scott itself fell prey to raiders of a modern sort. As a result, the company has been sinking slowly...
Such stock manipulations, if they occurred, are only one of Merritt-Chapman's misfortunes under Wolfson. Another is that he tried to build up and broaden the company too fast. Bled by such acquisitions as the unprofitable New York Shipbuilding Corp., the firm's profits and dividends have been dropping; in 1966, there was a loss of $740,000 and no dividend at all. To halt the drain, Wolfson sold off a paint company, a small steel mill, the company's derrick division and a small shipyard, but the future seems so stormy that liquidation...
Bohlen is a firm believer in the rule of "flexibility." This feeling is motivated by a profound belief, that "change is still on the march in the world." The United States must, he thinks, apply this rule in its reactions to the growing independence of its European allies...