Word: mckibbin
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Dates: during 1950-1959
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...change of heart when Marcus ran into personality conflicts with subsidiary executives (most of whom were kept on after the Hoffman take-over). Furthermore, Marcus was so busy buying new companies that he had little time to run his corporate complex. In January Samuel Schulman, president of George McKibbin & Son, book manufacturers bought out by Marcus last year, and his associates started selling 144,000 shares of Hoffman stock with SEC approval...
APPLIANCE SALES will hit 428 million units (eight more a home) within the next five years, an increase of 90 million units over 1949-53, predicts Westinghouse Vice President John M. McKibbin. Biggest sellers: color TV and air conditioning, which will also more than double the home use of electricity...