Word: founder
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Dates: during 1960-1969
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...traveled by sea across the Atlantic in 1957, the total dropped to 650,000 last year. In the same period, the number of passengers traveling by air across the Atlantic rose from 1,000,000 to 4,000,000 annually. Sir Basil is determined not to let Cunard founder. His philosophy is: "If we go on regarding ourselves as primarily transport operators, then there isn't any future for us, because the airlines have captured the pure transport market on the basis of both speed and price. So we have to sell leisure and sell holidays...
Carlsberg has been brewing beer since 1847 and Tuborg since 1873, but the working arrangement did not begin until 1895. By that time, Carlsberg was in difficulty: the company was selling plenty of suds to beer-loving Danes, but Owner Carl Jacobsen, son of the founder, had spent most of the profits on art acquisitions and a personal hobby of scientific experiments. Carlsberg's managers proposed a truce to Tuborg: both firms would cease such common practices as bribing bartenders or lending to clients to push their brands. Instead, both would concentrate on brewing and selling quality beer...
...robes. Although 59 nations, stretching from China to the U.S., are represented, 75% of A.U.B.'s 3,245 students and two-thirds of its 628 teachers are Arabs, and any attempts at pro-U.S. or Christian indoctrination are forbidden. This follows the dictum of A.U.B.'s founder, Missionary Daniel Bliss, that "a man, white, black, or yellow, Christian, Jew, Mohammedan or heathen may enter . . . and go out believing in one God, or many Gods...
Employees at S. S. Kresge Co. say that their founder has always "looked at money as a tool," and there is no doubt that Sebastian Spering Kresge has used dimes as crowbars. When he was in formed years ago that his variety-store chain had reached sales of $10 million, he noted that the sum was "100 million dimes." Closely watching the pennies as well, Kresge insisted that he "never spent more than 300 for lunch in my life," and admitted giving up golf out of fear of losing too many golf balls. For all his personal frugality, Kresge...
...Profits from Speeches. Kresge and Son Stanley own $4,000,000 worth of the company's stock. The founder long ago had donated almost all his holdings to the $175 million Kresge Foundation. Now headed by Stanley, it supports Detroit civic organizations and the Salvation Army as well as higher education and hospitals all over the world. Dedicating Kresge Hall at Harvard Business School when he was 85, S. S. gave one of the tautest ribbon-cutting speeches on record. He simply said: "I never made a dime talking." Then, as he did last week, one of the last...