Word: killion
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Dates: during 1960-1969
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Ship-line executives concede that the rate schedule is "unscientific." But American President Lines Chief George Killion argues that the differentials on the Pacific are justified, because almost six times more cargo goes westward than eastward, and as a result there is hot competition between carriers for the small-scale eastbound Pacific freight. To Senator Douglas, this argument only proves that the conferences are cartels that hike their rates when effective competition is absent...
Another common reservation, reflecting the social consciousness peculiar to 20th century American industry, was that although a businessman has a right to set his own prices, he should exercise "responsibility" in doing so. Said President George Killion of American President Lines, a Treasurer of the Democratic National Committee during the Truman era: "If the rise in steel prices was really needed, it should have been adequately explained to the appropriate federal agencies, with adequate preparation and groundwork. It should not have been a coldblooded action taken out of the blue. A private company's responsibilities to the public transcend...
...GEORGE KILLION...