Word: nortone
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...avid collector, Los Angeles Industrialist Norton W. Simon, 61, over the past four months alone has acquired, among other art works, a Picasso, two Cezannes, three Pissarros and a millon-dollar Manet. As a company collector, Simon has been buying up businesses for years. Now, he is forming the bulk of his collection into one assemblage. Last week the directors of his Hunt Foods & Industries and two companies it controls-McCall Corp. and Canada Dry Corp.-agreed to form a single company, which will be called Norton Simon...
Simon himself plans to devote more time to his interests in art and education (he is a member of the University of California's Board of Regents and the Carnegie Commission on Higher Education). But he will certainly have a say in Norton Simon Inc. When the new company's stock, which will be swapped for Hunt, McCall and Canada Dry shares, begins trading on the New York Stock Exchange, the man commanding the biggest block of Norton Simon Inc. shares will be Norton Si mon himself. At a likely price of around $40 a share, the collection...
Whether Ling can succeed in the close-knit steel industry-where other conglomerate kings like Norton Simon have failed-remains to be seen. LTV plans to stick to a well-tried tactic: as in earlier acquisitions, it will go along with the old management. The stock that LTV acquires will be put into a five-man voting trust until 1971, with present J. & L. officers having a controlling three-man vote among the trustees. But there will be plenty of dividends for LTV. Jones & Laughlin recently reported first-quarter earnings of $11,706,000 on sales of $277 million...
American composer Roger Sessions is to be the Charles Eliot Norton Professor of Poetry at Harvard next year. At Radcliffe, Mr. and Mrs. Richard R. Baxter will succeed the Honorable Maureen Neuberger as head of South House...
...appropriate finale to the Norton Lecture series will be Borges' discussion of his own art. In the sixth and last lecture April 10, as he said at the end of the fifth, "I shall speak of a lesser poet whom I never read but whom I have to write. I shall speak of myself and you will have to forgive me this quite affectionate anticlimax...