Word: industrialists
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...better put Tex Thornton." Berges was not in California long before he shared that view and began to think of Thornton as an eventual TIME cover subject. His nearly three years of watching the dramatic progress of Tex Thornton and Litton Industries, plus long interviews with the industrialist on horseback trips through the mountains outside Los Angeles, provided the bulk of the material for Writer Everett Martin and Senior Editor Edward L. Jamieson in putting together this week's cover story on one of the most remarkable executives in the world...
Breech, who had come to Ford from G.M. after the Whiz Kids arrived. In 1948, after two busy years with Ford, Thornton quit to take a job with eccentric Industrialist Howard Hughes, who made him vice president and general manager of Hughes Aircraft. Thornton convinced Hughes that not enough companies were working full time on developing the advanced weapons technology the nation was sure to need. He re organized Hughes Aircraft, building its sales from $1,500,000 to $200 million in five years, and prepared it to be practically the first company to get into missile work. But Hughes...
...audience itself stands trial. At the first Station, a radio reporter assisting Pilate asks prominent citizens whether the accused (Christ-humankind) is guilty. "Too bad he is so demode," testi fies a society lady. "He's against di orce. Imagine! Against divorce, when nobody belongs to nobody." An industrialist insists that Christ should be condemned because he advocates profit-sharing and a shorter work week...
Psychologically In. The businessmen have continued to raise their production schedules. Despite the most disastrous winter in recorded European history, the Common Market is growing exuberantly at more than 4% for the second straight year. Says one top Ruhr industrialist: "Though the vetoing of Britain was a deep and painful psychological shock, it has had no direct effect on our business." Nor has it affected Europe's tariff-cutting schedule. European governments in July, without fuss or furore, cut tariffs among their countries another 10%, bringing the total tariff reduction to 60% since the Common Market began...
...Milanese are the go-getters of Italy. From the lowliest shopkeeper to the wealthiest industrialist, they are so proud of the industrial glories of their fast-growing city that some of them talk facetiously of a "republic of Milan." An Italian magazine recently suggested that the republic already had its first ambassador to the U.S. He is wiry, sharp-faced Piero Bassetti, who, at 34, not only runs his family's sizable, 140-year-old textile business, but also is one of Italy's most active and controversial politicians. As a member of Milan's city council...