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...wealthy, quadrilingual (Arabic, French, English, Turkish), landowner and industrialist, is one of Syria's most bizarre figures. He was Premier under the despised Vichy government, later became known as "the Red millionaire" for negotiating a $300 million Soviet-Czech arms deal as Defense Minister in 1957, yet managed to retain wide popularity...

Author: /time Magazine | Title: Syria: A Quiet, Legal Coup | 9/21/1962 | See Source »

Expanding Horizons. For all of Europe's managers the Common Market has rolled back horizons. A Ruhr industrialist, who a few years ago entertained foreigners only on formal occasions, now thinks nothing of inviting a clutch of executives from other Common Market nations to drop by for cocktails. West German Electrical Magnate Ernst von Siemens flatly declares that any executive who hopes to rise in his company must first cut the mustard in a Siemens branch abroad. Belgium's Nokin is particularly proud of presiding over the first truly "European" steel company: the big (1.1 million ton capacity...

Author: /time Magazine | Title: Western Europe: Making the Market | 9/14/1962 | See Source »

Shared markets have also led European manufacturers to move closer to one another in product styling. Since Genoa Industrialist Enrico Piaggio sent his Vespa motor scooters swarming through Europe as the first postwar apostles of the Italian look, Italy has become firmly established as the fountainhead of European design. Britain's Clore, whose multitudinous holdings include a corner on 22% of the British shoe market, makes periodic Italian tours to keep up with the latest in footwear; British Motor Corp.'s Harriman turned to Italian Stylist Pinin Farina to design autos that would sell better on the Continent...

Author: /time Magazine | Title: Western Europe: Making the Market | 9/14/1962 | See Source »

Married. John Alex McCone, 60, director of the Central Intelligence Agency and former chairman of the Atomic Energy Commission; and Theiline McGee Pigott, 59, widow of Seattle Industrialist Paul Pigott and a friend of McCone's since college days at the University of California; both for the second time (McCone's wife died last year after 23 years of marriage); in Seattle...

Author: /time Magazine | Title: Milestones: Sep. 7, 1962 | 9/7/1962 | See Source »

...exceeding $800 million. Next step would be to persuade the Civil Aeronautics Board and the White House that one big U.S. carrier is necessary to withstand the competition of heavily subsidized state-owned foreign airlines. A shadow over the possible TWA-Pan Am combination is the attitude of elusive Industrialist Howard Hughes, who was forced by creditors in 1960 to put his 78.2% ownership of TWA in trust and is now trying to win back voting control through a suit he has in the courts. He would hardly cheer a merger in which he did not have the principal...

Author: /time Magazine | Title: Aviation: Merger in the Air | 8/31/1962 | See Source »

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