Word: lammot
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...well as corporate councils. At last week's session, family scandal and a series of reverses in the company's fortunes combined to cause change at the top of the world's largest chemical manufacturer. At the ever-so-gentle hinting of other Du Fonts, Chairman Lammot du Pont Copeland Sr., 65, declined to stand for re-election and also stepped down from the finance committee.*His duties were added to those already held by Charles Brelsford ("Brel") McCoy, 62, who succeeded Copeland as president...
Dizzying Empire. Copeland moved out, a Du Pont spokesman said, "because personal affairs are taking more and more of his time." Six months ago, his 38-year-old son Lammot ("Motsey") du Pont Copeland Jr. petitioned for one of the most spectacular personal bankruptcies on record. He listed assets of $26 million and liabilities totaling $55 million. The younger Copeland's chief business associate, Lebanese-born Thomas A. Shaheen Jr., has been indicted by a Chicago grand jury on charges of receiving kickbacks on loans from the barbers' union pension fund and others. Much of the money allegedly...
...from Charles Brelsford McCoy, 60, president of E. I. du Pont de Nemours & Co. McCoy betrays a hint of nervous candor not often shown at the 167-year-old firm, where fluctuations in corporate fortunes often have been shrugged off as mere ripples in the stream of its history. Lammot du Pont Copeland, now 64, who moved up to board chairman in 1967 when McCoy became president, more characteristically refers to the past decade of declining profitability as a "period of adjustment." The adjustment has been severe: net income as a percentage of sales has declined from...