Word: ince
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Dates: during 1970-1979
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There is, in Kansas City, a precedent of sorts for Detroit's effort. Some 20 years ago, Joyce Hall, founder and chairman of Hallmark Cards Inc., decided to invest in what he called "the revitalization of the inner core" of his city. What he referred to was the 85 acres of used-car lots, warehouses and other derelict buildings that flanked his company's headquarters. Slowly, he bought the land-the money came from Hallmark, which produces 9.5 million greeting cards a day-and in 1967 he and his son Donald hired Architect Edward Larrabee Barnes to replan...
Failing Fortunes. That saga is the true story of Genesco Inc., the footwear, apparel and retail giant that W. Maxey Jarman built in Nashville, Tenn. In 1969 Jarman, then 65, turned over the chairmanship to his brash, M.I.T.-educated son Franklin, but retained a firm grip on the corporate purse strings by remaining head of the finance committee. To many, Frank Jarman's ascendancy amounted to rank nepotism-a suspicion that seemed justified when, in 1972, Genesco sales began a steady decline. In 1973 Genesco reported a $52.9 million loss, the first in its history; two years later there...
Died. Taft B. Schreiber, 68, art collector, Republican Party fund raiser and executive committee member of MCA Inc.; of complications following a blood transfusion; in Los Angeles. Originally an office boy, Schreiber organized MCA's motion picture division, now Universal Pictures. He raised money for Richard Nixon and former California Governor Ronald Reagan. Several years ago, he switched allegiance to President Gerald Ford and, at the time of his death, was national co-chairman of the President Ford Committee, a fund-raising group...
Died. Artemus L. Gates, 80, banker, business consultant, Government servant and for 34 years a director of Time Inc.; following a lengthy illness; on Long Island. Born in Cedar Rapids, Iowa, Gates graduated from Yale in 1918 and was thrice decorated in World War I. In 1929, at the age of 33, he became president of New York Trust (now part of Chemical Bank). He joined Time's board in 1931, and in World War II served as an Assistant Secretary, then as Under Secretary, of the Navy...
...important beach problem. The best ones are up on routes 1A and 1B--Plumb Island, Salisbury Beach; Crane's Beach and dozens of others. Parking will cost you up to $3. If it's sailing you're after, you might do well to check out Community Boating, Inc. at the MDC Boathouse on the Charles, where you can get unlimited access to boats for $18 a month...