Word: outfits
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...draped with more than 40 lbs. of camera, batteries and film. Worse still, to synchronize film with the correspondent's commentary, the three have to be linked by a cable less than 10 ft. long, end to end, which makes them about the fattest target in any outfit...
Moonlit Pilots. By any reckoning, CAT has had more than one life. Caught in China's civil war, Chennault's outfit snarled Communist timetables of conquest by ferrying soldiers and supplies to the mainland. In the process, CAT became Nationalist China's civilian transport arm and the most shot-at airline in history. When Generalissimo Chiang Kai-shek retreated to Taiwan, CAT went along. From time to time, its crackerjack pilots moonlighted, accepting such missions as dropping French paratroopers into Dienbienphu...
...small fixed donations from its membership, which now numbers 87 cities and eight Bay Area counties; its financial practices were informal to the point of being nonexistent. In 1965, the new U.S. Department of Housing and Urban Development decided to back ABAG's cooperative philosophy, named the embryonic outfit its regional planning agency and showered it with lucre. All told, HUD gave ABAC $1,080,000, sending checks in plain brown envelopes without prior notice, according to Truax's boss, ABAG Executive Director Warren Schmidt. For the past 13 months, Truax apparently had been treating the brown-paper...
...spent a couple of years setting up his own investment outfit. Then he got an offer to head Cities Service, a company dominated by Oklahoma oilmen who, understandably, wanted to make their big corporation bigger. Burns took on the job, and started out to do what he thought the oilmen wanted. He tried to diversify Cities Service, acquired Fesco, Inc., a maker of molded-plastic housewares, and agreed to acquire, pending stockholder approval, Akron Equipment Co., a tire-mold manufacturer. So far so good. But Burns had also urged that Cities Service buy out Hugoton Production Co., a Kansas-based...
Despite the risks, it can be immensely profitable. Adman Marion Harper Jr. became head of McCann-Erickson in 1948 at 32, spun the outfit into the vast Interpublic Group (advertising, public relations, market research) and racked up billings of $700 million a year by last fall. When Interpublic went deep into debt, he was eased into a powerless chairmanship (TIME, Dec. 15). But when he was eased out altogether two weeks ago, Harper was not exactly out of pocket. Interpublic was reported to have bought back his 100,000 shares in the company, worth $2,200,000 at book value...