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...tung, 70, leader of the glorious Chinese People's Republic, to indulge in such barbarian ostentation as a limousine was hardly thinkable. Nonetheless, Mao has apparently decided to make the great leap forward in style. Peking has placed an order with Britain's decadent Rolls-Royce Ltd., for a $12,726 Silver Cloud Mark III and a $20,454 Phantom V. They should do a lot for his image at the Gate of Heavenly Peace, since with a little friendly assistance even the clock in a Rolls can be persuaded not to tick...
...hotel in Montreal, has faced up to the motor age by taking on the management of motels. But its greatest growth could come from its considerable remaining land holdings, whose rich resources the road has now begun to exploit. The newly formed Canadian Pacific Oil and Gas, Ltd., earned $5,600,-000 for C.P.R. in 1963, and another stripling subsidiary, Pacific Logging, contributed $253,000. A 51% interest in Consolidated Mining and Smelting, the road's biggest subsidiary, last year brought in $1 million in profits. With the Canadian stock markets spinning as a result of mining finds...
Died. Sir Henry Spurrier, 66, recently retired chairman of England's vast Leyland Motor Corp. Ltd., who inherited control from his father in 1942 when Leyland was limited to double-decker buses and army tanks, turned it into the world's largest manufacturer of heavy-duty vehicles by absorbing competitors and peddling everything from panel trucks to earth movers to 130 countries, including Castro's Cuba, to which Leyland is delivering 450 buses in defiance of the U.S. trade embargo; after a long illness; in Preston, England...
Running Faster. Detroit is capitalizing on the trend. Last week, adding to its investment in France and Spain,, Chrysler Corp. bought a $34 million take in the British market by acquiring 30% of the stock of Rootes Motors Ltd., manufacturer of Humber, Hillman, Sunbeam and Singer cars. Last month Ford announced that it would spend $400 million over the next three years to expand and modernize its European plants, and General Motors is planning to invest $600 million in Europe over the next two years...
...golden ruler by which a man's business success is most often measured is income. This week Britain's Associated Industrial Consultants Ltd. will bring out the most thorough report to date on who makes how much in Europe. After surveying the middle managers of 462 companies in seven key countries, the questioners concluded that the best-paid managers are the English and the worst-rewarded are the Dutch, who have a surfeit of management talent...