Word: kaisers
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Dates: during 1960-1969
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Aetna Life and Casualty Co., for example, has formed a fifty-fifty partnership with Kaiser Industries to develop more than 90,000 acres of potential residential and industrial tracts in California and Hawaii that company officials figure are worth about $175 million. INA has also bought 25% of a chain of Eastern nursing homes. "We aren't interested in financing businesses of this kind," explains" President John Gurash. "We are interested in being in those businesses...
...Earnings remained at record levels all through the 1966 market slide. This year most companies reported rises for the second quarter, but there have been some major exceptions, notably in steel, autos and airlines (see following story). Compared with the second quarter of last year, earnings fell 17% at Kaiser Industries, 17% at General Motors and 33% at Inland Steel. The general expectation is for little improvement over the rest of the year and quite possibly a profit decline later in 1969. Some bankers and businessmen fear that the Government's tough policy may tip the economy into...
...surface, he is a successful executive at Kaiser Industries, 40 years old, with important responsibilities. But he worries constantly about whether he is equal to the job. More often than not, a routine phone call from a superior sets off a sudden, stabbing pain in his chest. Company doctors are seriously concerned about his health. Constant tension, they report, brings on the pains of angina pectoris, which often precede a heart attack...
...another kind of anxiety known as "conglomerate psychosis." Many chief managers worry about how long there will be a company left for them to manage. Lower executives fret about keeping their jobs after a takeover. Then there is company involvement in urban affairs; executives are expected to participate KAISER MEDICAL OFFICE in community groups at the expense of their free time. Says Dr. L. S. Thompson Jr., a physician who treats executives of Dallas' Southland Life Insurance Co.: "You see a lot of battle fatigue in business, just...
...more spartan approach to motor camping is offered by some of the smaller companies, which together share about 9% of the recreational truck market. International Harvester and Kaiser Jeep sell rugged vehicles that can carry sleeping bags and campers into country so rough that it is beyond the reach of the trucks. In the future, this may become an important selling point because more accessible camping grounds are becoming as clotted as expressways on the Fourth of July...