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...full potentialities of picture journalism were not grasped until 1936, when LIFE was founded on the proposition that "photography is the most important instrument of journalism which has been developed since the printing press." ¶ Mass production of cameras and film got under way when a Rochester, N.Y. industrialist named George Eastman invented the Kodak. Eastman coined the name to be pronounceable in any language and "snap like a shutter in your face." He also invented the slogan: "You press the button, We do the rest." By 1896, twelve years before Henry Ford started mass-producing autos, Eastman was manufacturing...

Author: /time Magazine | Title: Art: Two Billion Clicks | 11/2/1953 | See Source »

...That's a danged good idea," said the industrialist, "and I'll have one too." The store has since made the coat so popular that once, when it put $150,000 worth of coats in a window display, it sold out in a few days...

Author: /time Magazine | Title: FASHIONS: Mr. Stanley Knows Best | 9/21/1953 | See Source »

CLEVELAND Industrialist Cyrus Eaton, who recently tightened his control over the big West Kentucky Coal Co., is reportedly negotiating for other non-union coal companies. His good friend John L. Lewis, a longtime Eaton collaborator, also figures in the deal. Coal operators believe that Eaton will dramatically accept unionization of his coal properties, and that Lewis' treasury will help finance Eaton's new coal ventures...

Author: /time Magazine | Title: Business: TIME CLOCK, Aug. 24, 1953 | 8/24/1953 | See Source »

...quickly spotted the weakness inherent in the Pentagon's 950 committees, i.e., their responsibility was spread so thin-through years of contriving to that end-that rarely could a single individual be held accountable for any decision. He had an industrialist's instinct for the fine line where research must stop and production must begin, e.g., in the field of guided-missile development, he found the scientists in top command prone to work a missile to the ultimate stage of perfection before releasing it for production. To remedy these administrative weaknesses, Wilson began pruning out semi-independent committees...

Author: /time Magazine | Title: National Affairs: Man from Detroit | 6/1/1953 | See Source »

...management of "the largest business in the world." It was not a saintly code, but it did combine the world's greatest managerial skill with patriotism, unpretentiousness, and the kind of dogged self-confidence necessary to practical achievement. But, in walking with the firm tread of a successful industrialist, Charlie Wilson exposed an Achilles' heel which Eisenhower had hardly bargained for: Wilson did not understand the motives or workings of the political world. He knew little about basic U.S. defense policies, or the strategic and historical considerations behind them. His unwavering refusal to change his mind, once...

Author: /time Magazine | Title: National Affairs: Man from Detroit | 6/1/1953 | See Source »

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