Word: mahoney
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...Hasty Pudding Theatricals announced the election of its officers for next year: H. Nichols B. Clark '69, president; Timothy Mahoney '69, vice-president; Paul J. Zofnass '69, producer; William T. Kennedy '69, executive producer; and Daniel L. Larson Jr. '70, assistant to the producer...
...dose of caffeine that most cola makers add to the tiny quantity present in kola nuts. In name and formula both, the beverage is aimed primarily at the 80 million U.S. youths under 20, who account for almost half of cola-drink consumption. Says Canada Dry President David J. Mahoney: "We're giving the consumer one more choice...
...been a notable laggard in adopting such strategy. While the industry more than doubled its sales volume in a decade, in great part by introducing new beverages-notably low-calorie drinks-which persuade new groups of customers to imbibe, Canada Dry added only one new product: Wink. Before Mahoney took charge 15 months ago, profits had skidded from $5,400,000 in fiscal...
This was precisely why California Entrepreneur Norton Simon, who controls 34% of Canada Dry through his Hunt Foods & Industries, wooed Mahoney away from the $160,000-a-year executive-vice-presidency of Colgate-Palmolive. A veteran of package-goods wars at Colgate, at advertising agencies (his own and Ruthrauff & Ryan) and at Good Humor Corp. (where he had been president), Mahoney, 44, proved to be a dash of effervescence. By paring administrative overhead and closing two of the company's 16 bottling plants, he cut $1,500,000 a year from operating costs. To pep up promotion, he hired...
...Rebound. Before Mahoney could restore Canada Dry's bubble, profits sank to a dismal $658,950 in fiscal 1967 (partly because he junked $1,560,000 worth of obsolete wooden cases and deposit-type bottles). But in the nine months ending last December, sales shot up to a record $155 million and profits rebounded to $2,890,000. Naturally, nobody is more delighted than Norton Simon, a notably tough taskmaster. "Dave has done sensationally considering the time he's been aboard," says Simon. "Canada Dry is a substantially rejuvenated company." Wall Street agrees. From...