Word: generalized
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Dates: during 1950-1959
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Setting out to be a lawyer, Cole went through Grand Rapids Junior College. But he switched to the General Motors Institute to earn while he learned-a month in a Cadillac plant, a month in class studying mechanical engineering. Cadillac thought him so bright that it hired him as a full-time engineer in 1933. Cole celebrated by marrying his home-town sweetheart, blonde, blue-eyed Esther Engman...
...break came as shortages were putting heavy pressure on management. In Peoria, Caterpillar (tractors and earth-moving equipment) announced layoffs of 11,500 men at three Illinois plants and in San Leandro, Calif. In General Motors' parts plants, there were widespread layoffs. The corporation also said that it will have to begin closing many assembly plants, starting with Chevrolet the first of October, although it thought it could keep some Chevy plants running to Nov. 1. Chrysler said it will start shutting down in November. Even Ford, which makes 40% of its steel at the integrated Rouge plant, expects...
...Thomas Elbert Sunderland, 52, vice president and general counsel of Standard Oil Co. (Ind.), was named president and chief executive officer of the trouble-torn United Fruit Co., succeeding Kenneth H. Redmond, 64, retiring after 42 years with the company. Sunderland, who admits he "knows nothing about bananas," is an expert in the antitrust problems that plague United Fruit; under a 1958 antitrust decree, United Fruit must sell off some of its properties, give up 35% of its import business. A Michigan-born lawyer, Sunderland saw World War II service in the Army Air Forces, became a Standard director...
...Charles Jacob Stewart, 61, general partner in Lazard Freres & Co., New York investment bankers, was elected president of Manufacturers Trust Co., fifth largest bank in New York City, succeeding Eugene S. Hooper, 61, who is retiring. Dallas-born, Stewart graduated from Yale in 1918, joined New York Trust's commercial banking department in 1930, rose to the presidency in 1949, joined Lazard Freres...
...raised in argument, Orde Wingate saw himself eternally at war with "the tyranny of the dull mind," i.e., nine-tenths of his immediate military superiors and nearly all army regulations. When he was passed over for an appointment to the Staff College, Wingate strode to a Yorkshire hilltop where General Sir Cyril Deverell, the Chief of the Imperial General Staff, stood in the midst of his aides, watching maneuvers. Wingate saluted and gave the astounded general a severe talking-to (eventually he won his appointment). Time and again later, Wingate was to go over the heads of his field commanders...