Word: giffords
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Died. Cornelia Bryce Pinchot, 79, widow of Pennsylvania's former Republican Governor Gifford Pinchot, herself a headline-making political activist twice defeated in congressional campaigns; of a circulatory ailment; in Washington...
Died. Eugene Gifford Grace, 83, articulate spokesman of the U.S. steel industry, president from 1916 to 1945 and chief executive officer and board chairman the following twelve years of Bethlehem Steel Corp., which he molded into the nation's biggest shipbuilder and second biggest steel producer, increasing sales from $218 million in 1916 to more than $2 billion in 1957; following a series of strokes; in Bethlehem, Pa. Valedictorian and baseball captain at Lehigh University ('99), Grace turned down an offer to play professional baseball to join Bethlehem Steel as a $1.80-per-day crane operator...
...carry out the plan, Lukens formed the nonprofit National Youth Science Foundation, won backing from some top industrialists, including Vitro Corp.'s Charles S. Payson, Sun Oil's George L. Pew, Upjohn Co.'s E. Gifford Upjohn. They put up $100,000, the start of a campaign for industry-financed "camp-ships" for the kids, who will pay only incidental expenses, v. a $375 cost to the camp for a four-week stay. The program: experimental research, visits from Nobel prizewinners, along with swimming, tennis and field trips to the Oceanographic Institute in Woods Hole, Mass...
...ousted from Lionel when a new group led by Lawyer Roy M. Cohn took control of the company founded by Cowen's father (who gave his middle name, Lionel, to the toy electric trains he created). At Schick, Cowen succeeds Chester G. Gifford, who took over as Schick chairman in November 1958 when Revlon President Charles Revson bought a controlling 20% share of Schick stock for Revlon, resigned after a stormy tenure...
Upjohn's Dr. E. Gifford Upjohn conceded that the race of drug companies to keep up causes his firm, in line with others, to spend 28.6% of its budget on 1,000 salesmen (out of 5,700 employees), plus other promotional activity. Research costs: 9%. Despite the high overhead, the companies are immensely profitable. The Kefauver subcommittee presented tables showing that the drug companies averaged profits of 21.4% of their net worth, compared with 11% for all U.S. industry. Part of the answer, said the subcommittee, was the pricing policy...