Word: motorizer
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Dates: during 1960-1969
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...Common Market countries were bikini-bronzed girls and tousle-haired boys, members of the new, low-budget international set that motor-scoots and camps with blithe disregard of frontiers-which are often posted with neat new signs proclaiming, "Another Border But Still Europe." And some 1,150 schoolchildren from a dozen nations were enrolled in Brussels' Common Market European high school-multilingual, intercultural, stocked with history texts that are no longer patriotic tracts but tell both sides of such old, bitter feuds as the Franco-Prussian...
Still another lure the recruiter can offer is a new chance to an executive whose reputation has been unfairly blemished by a whopping company failure. Raytheon's successful new president, Richard E. Krafve, 54, was recruited from Ford Motor Co.-where his last job was vice president in charge of the Edsel division...
Even old Henry Ford, accustomed as he was to thinking big, would have been impressed by his grandson's latest feat. In one of the largest industrial mergers in U.S. history, Ford Motor Co. last week proposed to buy outright control of Philadelphia's Philco Corp. Terms: one share of Ford for each 4½ shares of Philco common, $101.50 in Ford common (plus cash equal to accrued dividends) for each share of Philco preferred. Estimated cost to Ford: $110 to $120 million...
...Other ex-Whiz Kids: Secretary of Defense Robert McNamara, Ford Motor Co. Group Vice President James O. Wright...
Merely Temporary? Indignantly, ICC members denied that the gleam of nationalization was in their eye, pointed out that airlines and motor transport are both presently subsidized in one form or another-but are still far from nationalized...