Word: industrialists
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Whenever a U.S. industrialist wants an example of ungainly management structure, he need look no farther than his own trade association, the National Association of Manufacturers. The N.A.M. represents 17.000 companies-80% of which employ fewer than 500 workers. Its policies are formulated by 21 different committees manned by no fewer than 3,000 members, and final policy decisions must win a two-thirds vote of a 170-man board of directors. To make things more difficult, the association for most of its history elected a new president each year from among its members, and obliged...
Married. Zsa Zsa Gabor, 37 according to her marriage license, sometime Hungarian actress, alltime girl about town; and New York Industrialist Herbert Loeb Hutner, 53; she for the fourth time, he for the second; in Manhattan...
Outgoing governor Gaylor Nelson overwhelmingly defeated his Republican opponent Alexander Wiley in the Senatorial race. The gubernatorial contest remained very much in doubt early this morning as the lead shifted back and forth between industrialist Republican Phillip Kuenn and John Reynolds...
Died. William Francis McHale Jr., 42. TIME-LIFE bureau chief in Rome; in the crash of a private jetliner that also killed Italian Industrialist Enrico Mattei; near Milan, Italy (see WORLD BUSINESS). A deft and imperturbable New Yorker. Bill McHale served four years with the Coast Guard during World War II, studied at Harvard Business School, and entered journalism as a business writer for Barron's Weekly; he joined TIME in 1949, was a writer for two years and then became a correspondent serving successively in Washington, London and Beirut before going to Rome...
...engined de Havilland Leopard-Moth looked as if it might be powered by rubber bands. But the 1933-vintage monoplane was admirably airworthy. Out of the cockpit popped dapper Jehangir Ratan Dadabhoy Tata, 58, chairman of the country's flag-line Air-India, and India's foremost industrialist. Tata piloted the old flying machine over the 662-mile route from Karachi to Bombay to celebrate the 30th anniversary of India's first airmail flight, which he himself flew in a Puss Moth, the cousin of the Leopard. He had no trouble on the trip-except...