Word: harlows
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...officials in the Government who do not know Bookman. Our economic correspondent in Washington since 1948, he has a beat that tracks all over the capital. In the past six months, he has supplied a large block of Washington guidance for the Man of the Year cover (Harlow Curtice), most of the material for the Budget Bureau cover (TIME, Jan. 23) and the Secretary of Agriculture Benson cover (TIME, May 7). Bookman also has done a wide range of Washington reporting on many of the Essays that have become a feature of our BUSINESS section...
...highest paid executives in U.S. industry? In a survey of 400 key executives, Business Week magazine reported that the top three all made more than $700,000 in salary and bonus last year. Best paid: General Motors President Harlow H. Curtice with $776,400. Second was Bethlehem Steel Chairman Eugene G. Grace with $705,923, and third G.M.'s Board Chairman Albert Bradley with $701,525. Right behind was Du Pont President Crawford H. Greenewalt, whose $642,619 came from a $178,619 salary and a whopping $464,000 bonus. A few notches lower, Chrysler Corp. President...
...Ford a cheering vote from the 2,400 shareholders, some of whom had grumbled over the drop in Ford stock from 64½ to 53½. At the close of the meeting, many of them hurried forward to shake Ford's hand. In Wilmington, Del., General Motors President Harlow H. Curtice, who is worried about FRB's tightening of credit (see box), told stockholders that sales were seriously down, but noted that higher production by other G.M. divisions-notably Electro-Motive diesel and Allison aircraft en gines-would take up some of the slack...
...White House Economic Adviser Arthur Burns have all voiced public disapproval of FRB's fifth boost in the discount rate in a year (to 3% in two districts), although President Eisenhower publicly defended the right of the independent agency to use its own judgment. General Motors' President Harlow H. Curtice went so far as to blame Detroit's sliding auto sales on FRB's credit-crimping policies. On FRB's side are such experts as J. P. Morgan Chairman Henry C. Alexander, who thinks FRB "was wrong only in not being more vigorous a little...
...Cause for Tears. Despite Harlow Curtice's complaints, most auto dealers were not adversely affected by the tight money. One of Michigan's biggest dealers estimated that three out of every five loan applications were being turned down, but good credit risks had little trouble. Most dealers blamed last year's mammoth production and this year's poor weather for the sales slump. Said San Francisco's Ellis Brooks, a big Chevrolet dealer: "Everybody cries a little bit, even with a loaf of bread under...