Word: foundering
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Dates: during 1960-1969
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Unlike Calzaturificio of Varese, the largest shoemaker in Italy's domestic market, Fiamma turns out most of her shoes for foreign feet. Eldest child of the founder of Ferragamo of Florence, she took over her present position when her father died in 1960, despite the fact that she was only 18. Her youthfulness has hardly been a handicap. From 76,000 pairs in 1960, Ferragamo has increased its annual production to 130,000 pairs, of which 70% are sold abroad. By far the biggest market is the U.S., where fashion-conscious women spend $22 for simple suede knock abouts...
...coalition government with them. In 1947, when Benes wanted to accept the U.S. offer of Marshall Plan aid, Stalin said no. Next year, in a Soviet-aided coup, the Czechoslovak Communists seized total power. Czechoslovakia's Western-oriented Foreign Minister Jan Masaryk, the son of the country's founder, was killed in a fall from a window in the Foreign Ministry. Many Czechoslovaks believed that it was murder, and saw in his death the demise of their own freedom...
...short of what it needs to complete the remaining buildings on the 14-acre complex. "It is raising those last few millions that is the most difficult," says Board Chairman John D. Rockefeller III. But now to the financial rescue comes Mrs. DeWitt Wallace, 78, co-founder of the Reader's Digest. Her $1,000,000 gift to the Center is the fourth such contribution she has made to worthy organizations and causes in recent years. It will be used for the Center's Juilliard library, which will house a collection of music; drama and dance reference materials...
...range, the general won his stars long ago. As founder and chairman of his Kansas City firm, Oppenheimer Industries Inc., he maneuvers some 220,000 head of cattle on more than 100 ranches in 17 states. In addition, he is one of the nation's leading authorities on the arcane art of investing in cattle. He has written two books on ranching (Cowboy Arithmetic, Cowboy Economics) and co-authored a third (the recently published Cowboy Litigation, a 561-page tome on the tax and legal aspects of ranching...
...size, he be came at 23 the youngest battalion commander in the Corps. Reluctantly mustered out at war's end, he began running his family's Kansas City interests (an auto agency, small loan and real-estate operations). Not until 1953, when his stepfather, Jules Stein, founder of MCA, asked Oppenheimer to buy him land and cattle as a tax shelter, did the ex-Marine find a new field to conquer...