Word: grossness
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Dates: during 1960-1969
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...joint income tax returns. Powell's New York State return for 1965 was already part of the committee record. It was a joint form listing $60,381 in combined income-on which Powell had paid only $1,501 in state taxes, claiming that nearly two-thirds of their gross earnings was not subject to the state levy...
...nose-to-the-grindstone ex-accountant, Executive Vice President A. Carl Kotchian, 52, a North Dakota-born finance specialist who has followed Haughton up the corporate ladder. In fact, Lockheed's management has been in lock step for several years, with Haughton (pronounced Hawton) serving virtually as Court Gross's alter ego, and Kotchian acting as Haughton's. Not surprisingly, Haughton says that the new shifts portend "no great changes" in the company's course...
...needed. Under Gross, who became chairman on the death of his brother Robert in 1961, Lockheed has overcome its troubles of the 1950s, when it was beset by costly flops on a couple of aircraft (Saturn and Constitution) and crashes on others, notably the Electra. As the Defense Department's biggest single contractor five years running, Lockheed has seen its profits increase to more than $51 million (on sales of over $2 billion) last year v. $37,200,000 in 1962. Though disappointed over losing the SST competition to Boeing, the company expects continuing defense demands, diversification into such...
...stepping aside, the patrician Gross, 62, has moved from California to Philadelphia, where many of his relatives and closest friends live. He will stay on as a Lockheed director, promises to remain a "working member" of the new Haughton-Kotchian team...
...simply prurient) stood in long lines to buy the scene. All over the U.S., distributors suddenly sat up and begged for prints. In the next six months, The Chelsea Girls will be shown in at least 100 theaters-in addition to numerous college film societies. It figures to gross at least...