Word: marcuses
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...raises questions of appearance v. reality, theory v. practice, but his chief question is: How may half-baked youth be seasoned to maturity? The recipe culled from his books: 1) the skepticism of Montaigne, 2) the craft of Machiavelli, 3) the self-reliance of Emerson, 4) the stoicism of Marcus Aurelius, and 5) the patience of Job. Cozzens' heroes do not "have fun"; they cannot "not give a damn"; they are trying to be responsible grownups in a confusing and dangerous world...
...Frederick Marcus Farwell, 50, resigned as president and chief executive officer of ailing (first-quarter deficit: $624,978) typewriter-maker Underwood Corp., moved on to a new job as an executive vice president of International Telephone & Telegraph Corp. Chicago-born, Yale-educated ('28) Farwell was an executive at International Business Machines and waxmaker S. C. Johnson & Son before taking over Underwood's presidency in 1955 with the job of reorganizing the company from top to bottom. When the company continued to lose money and Underwood's board of directors turned down a proposed merger with National Cash...
...Price Stabilization, bought into U.S. Hoffman Machinery Corp. last month (TIME, April 15), the company sorely needed a transfusion. New President Stahl and Executive Committee Chairman Di Salle hoped to gain working control of the company by buying the 224,938 shares of stock held by President Hyman Marcus, who moved up to become board chairman. They also hoped to raise $2,000,000 to refinance the shaky corporate empire (23 subsidiaries manufacturing everything from candy to tin cans). But the team raised only enough to buy 60,000 shares. Last week, for the second time in seven weeks, ailing...
...Hoffman when Stahl and Di Salle were unable to pay the April 30 dividend. When the corporation could not meet its loan deadline. Roth agreed to buy Di Salle's and Stahl's shares at about a share (giving each roughly a $25,000 profit), Marcus' shares at about $7 each. Roth, who with his new directors has already lent the corporation another $1,500,000 and worked out financing for most of the parent company's $4,365,000 bank debt, will be Hoffman's new president. Stahl resigned ("I plan to buy another...
Died. Nils Thor ("N.T.G.") Granlund, 57, lanky girlie-show producer and one of America's first popular radio announcers (on Theaterman Marcus Loew's station WHN, opened in 1922) ; of injuries suffered in an auto accident; in Las Vegas...