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...Industries (textiles) recently took on a Negro chemist, a survey of 402 firms showed that 53 intend to hire strictly on the basis of merit, regardless of race; another 114 said they will hire on merit alone for some jobs. For the Deep South this represents progress. Said one industrialist: "No, I do not have an integrated plant. But check me in a year-the answer may be different then...

Author: /time Magazine | Title: INDUSTRY: How to Woo New Businesses | 10/20/1958 | See Source »

...Everybody likes to give money," says Chatô. "Brazilians like big things, and everybody knows I'm doing big things for Brazil." Few of his countrymen dare or care to quibble; one Brazilian industrialist who balked found himself labeled in Chatô's press as "a bandit, looter, pachyderm, hippopotamus, Berber filibuster, Barbary pirate." Typical contributors: Coffee King Geremia Lunardelli, Banker (and former Ambassador to Washington) Walther Moreira Salles, Industrialist Francisco ("Baby") Pignatari (occasional playmate of Linda Christian). Chatô himself is the most generous giver, but seems almost ashamed to admit that he ever had to reach...

Author: /time Magazine | Title: Art: CHATO'S PRIZES | 10/6/1958 | See Source »

...most serious decisions of his Administration when Secretary Dulles came to the vacation White House office to work out the draft note on the defense of Quemoy and Matsu. Even the company of such close bridge and golfing friends as U.S. Ambassador John Hay Whitney and Washington Lawyer-Industrialist George E. Allen, roly-poly White House jester through the Roosevelt, Truman and Eisenhower regimes, failed to give the needed break from the world's pressing worry...

Author: /time Magazine | Title: THE PRESIDENCY: Care Everywhere | 9/15/1958 | See Source »

Moscow's reddest carpet rolled out last week, not for a visiting Communist, but for a Homburged, blue-suited visitor who looked like what he is: a capitalist tycoon. On hand to greet the TU-104 jet that brought Cleveland Industrialist Cyrus S. Eaton (Chesapeake & Ohio Railway, Steep Rock Iron Mines) were crowds of children bearing flowers, and Soviet Minister of Agriculture Vladimir Matskevich bearing official greetings. Three years ago Eaton gave Matskevich's department a prize Shorthorn bull, which had nobly performed to improve the quality of Russia's herds...

Author: /time Magazine | Title: TYCOONS: Capitalist & Commissar | 9/15/1958 | See Source »

...have heard," Eaton told the Premier, "the Soviet impression that American industry is in favor of war so that war orders will continue to flow. Speaking solely as a capitalist, we industrialists are not at all happy about spending $40 billion a year for implements of war that, if they had to be used, would mean the destruction of all our property, and our annihilation at the same time. Don't forget that this arms race places a crushing burden of taxation on industry." Khrushchev understood, "because of the expense to us of our own defense effort," but said...

Author: /time Magazine | Title: TYCOONS: Capitalist & Commissar | 9/15/1958 | See Source »

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