Word: goodyears
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...world's third largest tire company, which will have 180,000 workers in 210 factories and sales of $2.3 billion, based on 1969 levels. When the totals for 1970 are in, Dunlop-Pirelli may well roll past Firestone, the No. 2 tiremaker, and gain ground on front-running Goodyear. Both American firms have been hurt by the General Motors strike and by economic sluggishness...
...have maintained (Goodyear, Michelini and Tymo-czko, "What Ever Happened to the Radcliffe Merger," Harvard Bulletin, Oct. 26, 1970) that the public statements of high Harvard administrative officials with regard to the proposed merger of Harvard and Radcliffe reflect unspoken prejudices against women. The striking feature of Dean von Stade's letter is the ugly clarity with which he expresses his contempt for women. Yet the letter is important not as an expression of one man's personal views, but as a uniquely honest exposition of the opinions shared by high officials of the Harvard Administration. It is these...
...Biggest Block. One morning last week Goodyear Tire & Rubber reported a marked decline in earnings. About noon, Salomon Bros, handled the sale and purchase of 1,184,300 shares of Goodyear-the largest block ever traded on the Big Board. Jay H. Perry, 35, the partner in charge of block trading' first got a call from a big Goodyear holder, who wanted to sell. The seller was eager to get out quickly as usual, but refused to accept less than the going market price. Perry made a deal to pick up the stock, and further decided...
Then Perry started phoning around to find buyers, but got commitments for only 20% of the stock. As a result, Salomon Bros, itself briefly had to hold onto 80% of the shares, tying up $23.5 million of its own capital. If the Goodyear shares tumbled just one point, Salomon Bros, stood to lose about $1,000,000. But with all the available shares off the market, the price steadied and, within an hour, the Salomon traders were able to sell the entire position at a profit. In addition, the firm collected brokerage fees from buyers and sellers alike...
...from old tires. Test results showed that the powdered rubber-used as a binding material-increases asphalt's overall cohesiveness so that it does not split when roadbeds shift slightly or sink. Bynum's findings seem to be a natural outgrowth of experiments by the rubber industry. Goodyear, for example, has discovered that liquid latex-not a waste product-improves the durability and traction of highway pavement...