Word: haakon
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Died. H.I. (for Haakon Ingolf) Romnes, 66, former board chairman of the American Telephone & Telegraph Co.; of leukemia; in Sarasota, Fla. Dubbed "the Mild Viking" for his Norwegian parentage and his quiet style of leadership, Romnes began his career as a phone installer, and as A T & T board chairman steered the giant corporation from $13 billion in revenues in 1967 to $18.4 billion...
...came from relatively small towns, earned engineering degrees, worked for the company first as common laborers and spent decades climbing the executive rungs. Last week a 56-year-old V.M.I, engineering graduate from Greensboro, N.C., named John Dulany DeButts was appointed A.T. & T.'s new chairman. He replaces Haakon Ingolf Romnes, who reaches the mandatory retirement age of 65 in March...
...tanks with jets of sea water. For no apparent reason, an explosion ripped through the hull, sending the brand-new ship to the bottom. Two weeks later, an oil hold of the supertanker Mactra blew up in the Mozambique Channel; next day a blast blew apart the Kong Haakon VII off Liberia. Last summer there were two more tanker explosions. Scientists and oilmen were at a loss for an explanation...
...HAAKON B. GROSETH Sarasota...
...last week, news of pinched profits during the first quarter of 1967 did little to dampen the spirit of this capitalistic rite of spring. Company directors grinned and bore the usual questions about executive wages, profit sharing, charitable contributions, and cumulative stock voting. A.T. & T.'s new chairman, Haakon I. Romnes, greeted his 4,801 guests at Baltimore's Civic Center and handled the meeting with aplomb. In Detroit, Chrysler shareholders barely flinched when Chairman Lynn A. Townsend told them that first-quarter earnings had plummeted 71 % from a year earlier...