Word: nelsoned
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Dates: during 1940-1949
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Sharks & Whales. Since 1946, Rock Bros, has poured $7,000,000 into Nelson's International Basic Economy Corp., which starts new Latin American businesses in partnership with local capital. Another $5,000,000 has gone into such varied enterprises...
...Likely to Win. "Rock Bros." is a blend of the Rockefellers' own brand of business acumen and Baptist ethics. Born to be rich, but bred to be philanthropists, the sons & daughter of John D. Rockefeller Jr.-John D. III, 42; Nelson, 40; Laurance, 38; Winthrop, 36; David, 33; and Mrs. Irving Pardee, 45-worry over where their money will do the greatest good, and still bring a reasonable return...
...lively brothers soon discovered that they had different investment tastes. David was interested in electronics, Winthrop in oil and calculating machines. But they also found out that they could "coerce each other into things." Among the first to start "coercing" was Nelson...
Capitalism, concluded Nelson Rockefeller, has finally grown up to its responsibilities and "is now concerned with production and distribution that will benefit all peoples." In the future, he hoped, "capitalistic investment [must be] based not so much on the profit motive as on an opportunity to do the most good...
...Died. Nelson Doubleday, 59, shrewd, hulking (6 ft. 5 in., 220 lbs.) book publisher (Doubleday & Co.); of cancer; in Oyster Bay, N.Y. The No. 1 book salesman of his time, he took over the business from his father, bought out the Literary Guild in 1934, ended up operating six book clubs, a nationwide chain of bookstores, two reprint and mail-order houses (his presses ran off 30 million books in 1948). As a child he persuaded Rudyard Kipling to write Just So Stories, collected a 1? royalty on each copy sold in his lifetime...