Word: matthew
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Dates: during 1960-1969
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Embarrassed by having to report to British taxpayers on the profitless sputterings of British Overseas Airways Corp. its chairman, Sir Matthew Slattery a retired admiral, exploded like the old salt he is: "I have taken the opportunity of my first full year as chairman of the corporation to point out that I think its financial structure and the way it's expected to operate is just bloody crazy...
Among the bloody crazy things that rile Sir Matthew is that nationalized BOAC, which lost $40 million last year, has to pay $11 million a year interest to the government on an accumulated debt of $181 million. Sir Matthew tartly challenges British government policy that Crown corporations such as BOAC should be run like private companies and held accountable as to capital and interest. He argues that BOAC, the third largest of the transatlantic carriers,* should be free to write off its entire debt...
Last week Sir Matthew's anguished plea was coldly rejected. Aviation Minister Julian Amery rose in Commons to introduce a bill increasing BOAC's borrowing power by another $90 million and providing additional capital of $28 million for the other government-owned line, British European Airways, which after seven profitable years is dipping into...
...Matthew S. Messelson, associate professor of Biology, explained that the Russians regard secrecy as offsetting the American numerical superiority in nuclear missiles...
...ground, over the telephone, Curtis Publishing Co.'s new boss. Matthew J. Culligan, is moving every bit as fast as he said he would. He floats between his Westchester home and Curtis' Philadelphia office by helicopter, using a suitcase for a desk; he drives to Manhattan in a limousine, usually taking along a neighboring adman and giving him an hour's pep talk on Curtis. He always sets his watch to run nine minutes fast, and he schedules every minute of his 20-hour day. Says an associate: "Many is the time Culligan rings...