Word: forded
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Dates: during 1950-1959
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...mounting chorus of complaints about U.S. cars were added the voices last week of Harvard University's Economist Sumner Slichter and Labor Leader Walter Reuther. Slichter (who drives a 1951 Ford) expressed hope that automakers, burned by "the unattractiveness of the 1958 cars," now will "come forward with models that meet the people's fancy and small, economical cars that may become the rage." One trouble with the auto industry, Slichter advised the Senate Finance Committee, is "the weird collection of headlights, fins, tails, wings, etc., that is called an automobile in 1958." Reuther agreed with a Dutch...
...Sepiember, one to two months earlier than last year. Chrysler Corp., riding in the red for 1958 (see State of Business), plans to show its 1959s by mid-October, instead of Nov. 1 as last year. Automen figured that if G.M. and Chrysler advanced their introduction dates, Ford would soon follow...
Beginning a "major effort to encourage and support higher education in business," the Ford Foundation last week announced a grant of $1,100,000 to Harvard's famed Graduate School of Business Administration, and a jackpot of $1,375,000 to the University of Chicago's relatively little-known, expansion-bound School of Business. Harvard will use the money to expand its doctoral program; Chicago will divide $1,000,000 between two endowed professorships, spend the rest on fellowships, faculty grants...
...FORD'S TOP BRASS will join with Wall Street's Lehman Bros, to form new open-end, i.e., unlimited shares, mutual fund. Lehman will underwrite and manage fund, will have it buy out Aurora Corp. (assets: $36 million), an investment firm owned largely by Ford executives. New fund, called One William Street Fund, will have Ford Chairman Breech and four other Ford veterans on 13-man board...
Price will continue for a time to assist the Ford Foundation, for which he has worked since 1953. Previously, he was a Lecturer on Political Science at the University of Chicago, and he has held active government posts with the U.S. Budget Bureau and the Department of Defense...