Word: forded
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Dates: during 1950-1959
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Since its yeasty youth under moon-shooting Idea Men Paul Hoffman and Robert Maynard Hutchins, the vast Ford Foundation ($2.7 billion in current assets) has grown more staid. Latest evidence: the appointment of Manhattan Banker John J. McCloy, U.S. High Commissioner for Germany from 1949 to 1952, to succeed H. Rowan Gaither Jr. as board chairman. McCloy, 63, will take over in December without leaving his post as board chairman of the Chase Manhattan
Peace finally came to the auto industry last week. Less than twelve hours after 300,000 General Motors production men walked out, G.M. signed a three-year contract with the United Auto Workers. As expected, it was about the same as the pact between the U.A.W. and Ford (TIME, Sept. 29), a package of about 28? per hour in wage increases and fringe benefits. But there were some important differences. The U.A.W. won G.M.'s pledge to narrow differentials in wages between workers doing the same job in different G.M. plants, which, the U.A.W. says, now range...
Chrysler also settled with the U.A.W. along the Ford pattern after thousands of workers struck. Both sides did some giving on key points. Chrysler, traditionally plagued by the industry's poorest labor relations, agreed to grant greater preference to high-seniority workers when rehiring. In return, the U.A.W. accepted a cutback in company-paid union stewards and a tougher no-strike clause to prevent the wildcat walkouts that have hit Chrysler hard for the past three years...
Continuing its established Ford fund program, Dunster will sponsor a drama workshop under the direction of Gaynor F. Bradish '52, Teaching Fellow in English. The group hopes to read, write, and stage a number of plays...
Sponsored by the Ford Foundation, which has a special fund set aside for the giving of scholarships and grants to Polish students and professors for study in the United States, this visit represents one part of the cultural exchange program between the two countries...