Word: marcor
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...According to the FORTUNE 500 listings, 107 companies would be subject to breakup. Among them: 42 industrial firms, including the Big Three automakers and 14 oil companies; 37 banks; 18 life insurers; eight transportation companies; and two retailers, Sears, Roebuck and Marcor...
...their savings rate hit an unusually high 71% of personal income in the second quarter. Businessmen have strong hopes that they will soon start spending it, although recent surveys show that Americans are not in an enthusiastic buying mood because they are troubled about the general state of business. Marcor President Edward Donnell says that his customers have been steadily paying off charge-account debts. He believes that as consumers free themselves of debt, they will become increasingly optimistic and ready to spend more liberally...
...training schools. Some agencies collect as much as $2,400 to fill a $15,000 job. Rather than pay such bounties, Loral Corp., a Scarsdale, N.Y., electronics firm, offers a color television set to any employee recommending an engineer who remains with the company for at least three months. Marcor, Inc., formed by the merger of Montgomery Ward and Container Corp. of America, awards $100 merchandise credits to employees who help recruit new data processors and secretaries...
...titude and respectability. He is a 1945 graduate of the U.S. Naval Academy and a former editor in chief of the North western University Law Review, who later became law clerk to U.S. Chief Justice Fred Vinson. Now, at 46, he is vice president and general counsel of Marcor Inc., the $2.3 billion parent of Montgomery Ward and the Container Corporation of America. On top of that, he is the Mafia-fighting president of Chicago's crime commission...