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...When Financier Floyd Odlum, longtime boss of Atlas Corp., retired last year at 68 to his Indio, Calif., ranch, the smart money bet that it would not last. Odlum, the argument ran, was constitutionally incapable of slowing down after 37 years of buying, revitalizing, and selling off such companies as Paramount Pictures, Hilton Hotels, Greyhound Corp., Bonwit Teller and Atlantic Refining. Last week, after 16 months of restless ease, Odlum proved the smart money right, swung back into action as chairman of Salt Lake City's Federal Resources Corp. Federal's assets are a paltry (for Odlum...

Author: /time Magazine | Title: Business: Personal File: Sep. 15, 1961 | 9/15/1961 | See Source »

Northland College Floyd B. Odlum, financier, chairman, Atlas Corp., L.H.D...

Author: /time Magazine | Title: Education: Kudos, Jun. 13, 1960 | 6/13/1960 | See Source »

Jacqueline Cochran (Mrs. Odlum), aviatrix Sc.D...

Author: /time Magazine | Title: Education: Kudos, Jun. 13, 1960 | 6/13/1960 | See Source »

...FLOYD B. ODLUM Indio, Calif...

Author: /time Magazine | Title: Letters, Nov. 26, 1956 | 11/26/1956 | See Source »

...into a foundation; a corporation may deduct 5%. In some cases, the saving in taxes almost equals the cost of philanthropy. A foundation can also be used, as was the Ford Foundation, to help a family retain control of a company, or to promote a pet idea, e.g., the Odlum-Cochran Foundation spends some of its money on psychic research, a hobby of Financier Floyd Odium's wife. From a businessman's point of view, probably the most important byproduct of a foundation is the good will created for a company...

Author: /time Magazine | Title: Business: How to Spend Money to Save Money | 1/16/1956 | See Source »

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