Word: lammot
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...Times. Disappointed by the Valley, Cowles sold out for about $2,000,000 to Lammot Copeland Jr., son of Du Font's president. The paper has resumed its old name and much of its old flavor. Russell Quisenberry is back, as board chairman. The new publisher is a self-styled "Constitutionalist" named Ben Reddick, a public relations man who ran the triweekly Newport Beach News-Press so haphazardly that the Audit Bureau of Circulation was moved to comment in 1961: "The condition of the circulation records made an ac curate audit for the previous 24 months impossible...
...Lammot du Pont Copeland, president, E.I. du Pont de Nemours...
...modernization came so high that earnings after taxes were an estimated 5.7% of invested capital, compared with 6.7% a decade ago. While profit totals are running at record highs, the businessman is finding it harder to raise his percentage of profit on sales. Says Du Font's President Lammot du Pont Copeland, 58, a Harvard-educated scion of inherited wealth: "Keener competition may be good for the economy, but it takes its toll in profits...
Most executives have a running theme in their public speeches, and Lammot du Pont Copeland's theme is the necessity for "interested owners" (stockholders) to participate more actively in corporations, rather than leaving it all to hired professional management. He is in a rare position to do just that. Last week serious, reserved "Mots" Copeland, 57, great-great-grandson of Founder E. I. du Pont and one of the company's largest stockholders, became the eleventh president in the 160-year history of the biggest chemical maker in the world...
...Among G.M.'s 33 directors, five are also directors of Du Pont: Du Pont Chairman Walter S. Carpenter Jr., Du Pont Vice President Lammot du Pont Copeland, Du Pont Vice President Henry B. du Pont, Emile F. du Pont and Donaldson Brown...