Word: garrette
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Died. John Clifford Garrett, 55, founder (in 1936) and chairman of the $206 million Garrett Corp., who built his company on thin air, pioneering aircraft pressurization in World War II, and expanding with the industry until today Garrett supplies 2,000 aerospace products, including the oxygen gear for the Mercury astronauts; of a heart attack; in Beverly Hills...
Automobiles' golden year showed up on the paychecks too. General Motors Chairman Frederic Garrett Donner, 60, set an alltime automotive industry record in 1962 by earning $791,475-$201,475 in salary and directors' fees, a cash bonus of $442,500 to be collected over five years to soften the tax pinch, and $147,500 in "contingent credit"-the bonus value of G.M. stock options he was granted for 1962. The mathematics might seem a little complicated to anyone less skilled in figures than Donner, but G.M. had a tax-conscious explanation: Donner theoretically would have only...
...Died. Garrett Mattingly, 62, professor of European history at Columbia University since 1948, a Renaissance scholar who won a special Pulitzer citation in 1960 for his bestselling historical study, The Armada, on the defeat of Spain's famously fumbled naval crusade in 1588 against Elizabethan England; of a heart attack; in Oxford, England...
Balancing Act. Like most aerospace companies, Garrett is struggling for less dependence on capricious Government contracting. By stretching into the production of industrial gas turbines, pneumatic valves and life vests, it has boosted its U.S. civilian and foreign sales to 38% of its total, now aims for the fifty-fifty split that the industrialists consider ideal...
...Garrett is also determined that when the first permanent U.S. space station is hurled into orbit-a step beyond the Apollo-its crew will be able, with Garrett help, to live and work in "shirtsleeve comfort...