Word: ince
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Dates: during 1960-1969
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Streams of Memos. Luce formally retired as Editor in Chief of Time Inc. in 1964. Nonetheless, he had neither the temperament nor the inclination to abandon his lifelong interest in the affairs of America, the world?and his magazines. On frequent trips around the U.S. and abroad, he eagerly quizzed TIME correspondents about the stories they were working on, made frequent speeches, questioned statesmen and cab drivers with equal pertinacity, meanwhile keeping up a steady flow of memos to his editors in New York?the last of which arrived a few hours after his death...
Like any wise general, Harry Luce made sure that there would be no slackening of that effort in the event of his death. "I want everyone," he said, "to get used to the idea of what they call the Lucepapers without Luce." In 1960, corporate control of Time Inc.?in which he then held 17% of the outstanding stock?was transferred to Board Chairman Andrew Heiskell and President James A. Linen. When he retired as Editor in Chief, Luce appointed Hedley Donovan, former managing editor of FORTUNE, who for five years had been Editorial Director of Time Inc...
After his withdrawal from Time Inc., Luce's pastor, Dr. Read, noted "a strange peace and completeness at this point in his dynamic and turbulent career." Neither unconditioned peace nor unequivocal completeness would ever be signal qualities of his magazines, and that, perhaps, was Harry Luce's best legacy to journalism...
...Presses around the world last week turned out 14,331,458 copies of Time Inc.'s four major magazines?TIME, LIFE, FORTUNE and SPORTS ILLUSTRATED?and their international editions. * Newspaper obituaries parroted a quote from an unnamed "friend" of Luce: "He is a dreamer, with a keen sense of double-entry bookkeeping." In fact, the remark was used by Harpo Marx to describe Alexander Woollcott...
...business magazine. Five months later, he decided the time was opportune. Among the names considered were Power and FORTUNE. Luce picked the latter because it appealed to his wife, the former Lila Ross Hotz of Chicago. They had married in 1923 and had two sons: Henry III, a Time Inc. vice president and the head of the London Bureau, and Peter Paul, a management consultant on Long Island...