Word: inc
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Dates: during 1960-1969
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...down a damaged sail and hoist a new one in the midst of a hot race last year, Thompson looked on with barely a word, leaving his men to perform their work unbothered. That is just the kind of ship that "Rupe" Thompson, 59, runs as chairman of Textron Inc., New England's second largest firm and certainly one of the nation's most widely diversified. Once a badly ailing textile firm, Providence-based Textron has abandoned fibers completely and, in an adroitly executed corporate tack, sailed into 65 other profitable lines that have helped raise its sales...
During the last four years, Harvard has averaged almost $40 million a year in gifts and bequests, according to the John Price Jones Co., Inc., an investment consultant...
...Mentality. No longer a monolithic organization, the Klan today consists of several ragtag independent groups, the best known of which is the United Klans of America, Knights of the Ku Klux Klan, Inc., headquartered in Tuscaloosa, Ala., with an ex-tire salesman named Robert Shelton as its Imperial Wizard. Estimates of Klan strength range from 10,000 to 40,000 members, many of whom for some peculiar reason seem to be rural service-station attendants. Most members, in any case, are deluded rednecks whose only skill is sharpshooting. That the FBI has infiltrated deeply into their ranks is indicated...
...When these new machines realize their potential," says John Diebold, chairman of the Diebold Group, Inc., consultants in the computer field, "there will be a social effect of unbelievable proportions. This impact on society is still to come." Computermen have even been advised to get their machines out to "see life" in that society by setting up communications links between them and other computers in dispersed locations. Says R. M. Bloch, a vice president of Honeywell: "The computer that lacks an ability to communicate with the outside world is in danger of remaining an isolated marvel mumbling to itself...
...great value to big business because it forces executives to take a hard, logical look at their own function and their company's way of doing business. "Computers don't take the risks out of business," says Ted Mills of Manhattan's Information Management Facilities Inc. "They just make the risks clearer...