Word: lorded
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Dates: during 1960-1969
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Flanked by his hand-picked directors in London's World Commonwealth Society Hall, Lord Melchett outlined his plans. The 14 steel companies that were officially taken over by the government account for over 90% of Britain's 32 million-ton steelmaking capacity, control 60% of its known iron-ore deposits. British Steel Corp. will be a single company, one-third larger than the next biggest steelmaker in Europe (August Thyssen-Hiitte), divided into four geographical groups. "We tried to build the thing logically, taking into account geography, product and raw-material supply," said Lord Melchett...
Formidable Challenge. The larger production units were created in the hope that British steel will become more competitive. For the time being, all 14 nationalized companies will continue to exist "supported and advised" by Lord Melchett's four boards of regional directors. They will then gradually take over the functions of individual company boards. Duplication will-hopefully-be eliminated from the start, and services and supply of raw materials streamlined to attain greater efficiency. The four units will not compete with each other in price, but in service, quality and productivity. "We will throw up real savings...
INCREDIBLE VICTORY by Walter Lord. 331 pages. Harper...
...employed as an inept clerk in an insurance firm run by a relative, who was nearly as happy as Aubrey when the boy deserted business for art. But that career was nearly wrecked by Oscar Wilde as a consequence of Wilde's own notorious homosexual liaison with Lord Alfred Douglas. Though Beardsley's name was not even mentioned in the court proceedings, the fact that he had been a known friend of Wilde's was enough to get him fired as the Yellow Book's art director and virtually blacklisted. He was rumored to be guilty...
...there books are not present tense journalism or final history, but they are a demanding kind of literary specialty, and can be absorbing reading. Specific detail is summoned to flesh out the skeletal facts of history, the jumbled sequence of action is put in order. Walter Lord has the knack. A Night to Remember was his effective reconstruction of the Titanic disaster. Incredible