Word: heir
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Dates: during 1960-1969
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Shriver's OEO is a direct spiritual heir of the New Deal's Works Progress Administration, which was organized in a period of national convulsion, when 15 million Americans were out of work and distress was the norm. Shriver's war, though conducted in an era of less obvious urgency, is actually more complex, more challenging and more ambitious. For, unlike Depression-era make-work programs, it aims not only to relieve the symptoms of poverty but also to cure its causes as well. "It will be impossible to end completely the culture of poverty until opportunity...
...both rose to alltime highs during the first quarter. Lynn A. Townsend, 46, who took over the presidency of Chrysler in 1961, when the company was troubled by sagging profits and conflicts of interest among its officers, was now named chief executive officer as well, making him the obvious heir to the throne of Chairman George H. Love, 65, who plans to retire at year's end. Unlike other shareholders' meetings, which were plagued by professional hecklers, Chrysler's was quiet. About the only nuisance motion made was one to establish a wax museum of autoindustry founders...
...portrays. It recounts history, both ancient and modern, and includes a decayed family of vulpine, voracious aristocrats who are scram bling madly for possession of a disputed inheritance; an oily industrialist who is patiently plotting to marry his fatuous daughter to the family's weak-minded young heir; a bumbling, gentle pedant who is complacently gloating over a fortune to which he does not yet have legal title, and as lusty a collection of blackmailers, murderers, police inspectors, political agitators and petty shopkeepers as are likely to appear outside the pages of Dickens. Like Dickens, Griffin leans rather...
...wasn't always that way. In his younger days, Hughes actually seemed to seek publicity. The handsome heir to an oil-drilling-equipment fortune, he bought his way into the movie industry, produced Hell's Angels and Scarface, discovered Jean Harlow, personally designed the brassiere that made Jane Russell famous. He was a friend to Lana Turner, Ava Gardner, Katharine Hepburn. Then he steadily became more of a loner. He secretly married green-eyed Actress Jean Peters in 1957. Now they live in a French Regency chateau in Bel Air, surrounded by high walls, bodyguards and rumors...
...very nature, a holding company works behind the scenes, hates to make headlines. Yet one of the U.S.'s biggest holding companies, the Alleghany Corp., is constantly creating spectacular business news. A 1954 proxy fight in which Alleghany's progenitors, the late Robert Young and aging Woolworth Heir Allan P. Kirby, now 73, took control of the New York Central Railroad was big and bitter. Next, in one of Wall Street's most famous proxy battles, Kirby lost Alleghany to Texans Clint and John Murchison (TIME cover, June 16, 1961), later won it back again by stubbornly...