Word: goodyear
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Growing Worry. Anxieties are growing among investors who are old enough to remember the 1929 crash and the Depression. A 49-year-old Akron trucking executive has lost only $1,000 on a $20,000 investment in four blue chips-U.S. Steel, Ohio Edison, Goodyear and Standard Oil (Ohio). "But I had a fear of the market from the start," he says. "So do most people who saw their families struggle through the Depression. Now I feel like digging a hole in the backyard and burying the dough...
Many other companies, including Consolidated Foods, Scripto and Burlington Industries, are turning a hard eye on expansion plans, especially for 1970. "We'll spend around $275 million this year, as we had figured to do," says Goodyear Chairman Russell DeYoung. "But next year we'll be looking at all our proposed projects with more caution. Possibly outlay will be down." Adds a Firestone official: "Some cutbacks are likely next year." Demand for business loans has begun to taper. The Federal Reserve Board last week announced that loans at major banks declined in July for two weeks, dropping...
...them, jet travel has broken down the constraints of distance. With the farthest plant or subsidiary only hours away by air, many executives get into the habit of dashing off on grueling one-day inspection trips-and thus work ever harder in the office, trying to catch up. Typically, Goodyear Chairman Russell DeYoung last year jetted 104,000 miles to keep track of the company's business...
...Others, and their profit margins: Goodyear, 5.1%; Uniroyal, 4%; Firestone...
Russell DeYoung, Chairman, Goodyear Tire & Rubber...