Word: gwinn
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...senior executive vice president of Litton Industries, got a call from an executive recruiter. Would Gray be interested in becoming president of United Aircraft Corp., the world's biggest maker of jet engines? Indeed he would, but he laid down one condition. United Aircraft Chairman William P. Gwinn would have to get the approval of Tex Thornton, Litton's chairman, for Gray even to negotiate. "After 17 years as a Litton employee," said Gray, "I didn't want to do anything without its being known from the very beginning...
...Last week tall, balding Gray, 51, got the job. It was a surprising choice because United had always developed its top management from within. Gwinn explained that he was 64 and President Arthur Smith was 60-both approaching the "normal" retirement age of 65. (Smith will now become chairman of the executive committee.) Then Gwinn added: "Someone from the outside could broaden our thinking and fuse...
Homer's successors, Chairman William P. Gwinn, 60, who has served as president for twelve years, and new President Arthur E. Smith, 57, will have challenges of their own. United's production schedules have been disrupted by Viet Nam priorities, and the company must simultaneously continue development (at a cost of some $80 million so far) of its JT9D jet engine for the next generation of airliners. Then, of course, there are Horner's records to be beaten, such as United's peak first-half earnings, announced last week, of $32.5 million on sales...
William P. Gwinn, president, United Aircraft Corp...
...engineers and salesmen in their 30s. At least 15 planes are in the works (ten members have joined forces in a single project). The role of an E.A.A. wife is not inconsiderable. "Mine helps when I need someone to hold the other end of something or lift something," says Gwinn. "She also helps with the painting and fabric work." But forbearance is perhaps the cardinal virtue of a woman whose husband has an airplane in gestation. "When you're working with metal, it gets pretty noisy," says Shewmaker. "And then, of course, you have to give your garage...