Word: marly
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Dates: during 1950-1959
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...begin with, Packard and Studebaker will have about 3% of the total auto mar ket. The big question is whether the new company will be big enough to compete successfully against the Big Three. Roaring along at full speed, the giants have pulled even farther ahead of the independ ents this year. General Motors now has 48% of the market, Ford 31%, Chrysler 15%-a total of 94%. Around Detroit last week, the talk is of still another merger eventually. This time auto experts believe it will be between Studebaker-Packard and the newly formed American Motors (Nash and Hudson...
Texas Millionaires Clint Murchison and Sid Richardson, who parlayed their way from the oil business into the New York Central (see above), last week placed a bet at a different window. For some $1,200,000 they bought a 40% interest in California's Del Mar Race Track, and, said they, had "control." This time their goal was not profit, but charity...
Thus, routinely, news of the mass vaccination trials to prove the value of Dr. Jonas E. Salk's polio vaccine (TIME, Mar. 29) seeped down to the grass roots. Said the school's principal, Sid Clark: "The children understand that something pretty important is being done. They understand that vaccination is a doctor with a needle, and that their parents are going to say yes or no." Clark was more worried about the parents' reactions than the children's. "There are so many rumors flying around, started by headline hunters...
...group of rebel stockholders who say that management salaries are too high and hit records too few, finally won its proxy war by a 6-to-1 margin. Decca's President Milton Rackmil said that the man behind all the trouble was Draft Dodger Serge Rubinstein (TIME, Mar. 5, 1947), who had paid for the opposition's proxy solicitors and twice visited Decca trying to make a deal that would give him a voice in company policy...
...what he paid he was repaid in splendor, but not in comfort. Even his wife's room was icy in winter, broiling in summer, and the King would not allow her to put a shutter on her window "because it would mar the external symmetry...