Word: inc
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Dates: during 1960-1969
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...York has set out to spread much of the responsibility among its own conscientious citizens. Fifty-five businessmen have enlisted in Mayor John Lindsay's Citizens Summer Committee project, which is co-chaired by Metropolitan Museum of Art Director (and former City Parks Commissioner) Thomas Hoving and Time Inc. Board Chairman Andrew Heiskell. Some $500,000 in corporation cash has already poured in to pay for summer recreation programs. One project that got underway this month was the Clairol Caravan, a touring company that is bringing fashion shows, rock 'n' roll concerts and other entertainment...
...Carroll Shelby-best known as the designer of the Ford Cobra-and Gurney, who had dreams of driving a U.S. Formula I car ever since he began racing for Italy's Enzo Ferrari in 1958. Shelby and Gurney pooled their savings, founded a firm called All American Racers Inc., opened a factory in Santa Ana, Calif. Working with Britain's Weslake Development Co., they produced a brand-new, three-liter engine-a tiny 400-h.p. V12-and a chassis to match. Built largely of magnesium and titanium, the whole car weighed only 1,185 Ibs. The project...
...industry figures that one company's purchase of a jet will give its executives so much speed and mobility that rivals will be compelled to follow suit. "It's not just keeping up with the Joneses," says William F. Remmert, whose St. Louis-based Remmert-Werner, Inc., markets North American's Sabreliners. "It's keeping up with the competition in a business sense...
...concerned, the record-in the broader sense-is hardly encouraging. Only a handful of U.S. companies have significant operations in Japan. Since the war, other hopefuls have been kept at arm's length with a tangle of capital regulations, bureaucratic delays, and impossible conditions. When Texas Instruments Inc. last year asked permission to set up a subsidiary to make integrated circuits, the government said O.K.-as long as it went fifty-fifty with a Japanese firm, agreed to limits on production and sales, and handed over valuable patents to other Japanese manufacturers. Naturally, Texas Instruments refused...
...lesser degree have IBM and International Telephone & Telegraph. The latest American company to join the trend also happens to be one of the largest. Ford Motor Co., which has heretofore overseen all of its overseas activities from the U.S., is setting up a European-based subsidiary, Ford of Europe, Inc. The new subsidiary, says Chairman Henry Ford II, should provide "on-the-scene coordination" of the company's operations on the Continent...