Word: motoring
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After a two-year study of 250 major option plans, Economist John A. Menge of Dartmouth College found that during the 1950s former American Motors Chairman George Romney realized an after-tax profit of $564,000 on sales of his optioned shares, and RCA Chairman David Sarnoff pocketed $1,126,000 from his options. In the 1950s, according to Menge, these were some of the paper profits of executives who held on to most of their options: former Coca-Cola Chairman W. E. Robinson, $1,270,000; Clifford Hood, former president of U.S. Steel, $1,362,000; former General Electric...
Neither of the endorsed bills has been debated yet, but Sen. Stanley J. Zarod (D-Springfield), chairman of the Committee on Highways and Motor Vehicles, said last night that H2112 would be reported out tomorrow. It would thus reach the House on Thursday or Friday...
...belatedly arrested three Vietnamese living near by as suspects.) The incident was also the latest in a fresh wave of terror ism directed at Americans. Two Saigon bars popular with G.I.s have recently been bombed, killing one U.S. serviceman and six Vietnamese, and last week a terrorist on a motor scooter hurled a grenade that damaged the home of a U.S. Air Force captain...
...them heavily supported by businessmen. But corporations are beginning to spread out into broader areas, taking a more active part in the world of culture. Corning Glass invites philosophers and writers to periodic conferences, one of which will be held in May to discuss the problems of Africa. Ford Motor, whose $6,500,000 company-contributions chest is entirely apart from the Ford Foundation, helps support 17 symphony orchestras and has just doled out $370,000 to restore the sagging Washington and Lee University chapel; the company felt that Robert E. Lee's tomb deserved better surroundings...
...most successful, in fact, when he put his patients on diets of milk, vegetables and fruit and left them alone. His real love was inventing. On paper he devised a water closet, a diving bell, a canal lock, a horizontal windmill for grinding pigments, a hydrogen-oxygen motor, and a speaking machine "capable of pronouncing the Lord's Prayer, the Creed and Ten Commandments in the Vulgar Tongue." To improve the British climate, he suggested that the navies of the nations of the Northern Hemisphere band together to push the ice masses of the polar regions into the southern...