Word: p
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Dates: during 1950-1959
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...welcoming the Communists, the handsome naval officer, hero of the revolt that toppled Dictator Marcos Pérez Jiménez, has entered into a formal alliance no Latin politico has tried since the days of Guatemala's hapless Jacobo Arbenz. In taking Red help, Larrazábal insisted that he is not one of them. "I am not a Communist," he wrote in his acceptance letter. "On the contrary, I am a Catholic of unbreakable faith and a liberal democrat. My acceptance of Communist support does not signify any commitment, present or future." But by running...
Haydn: The Salomon Symphonies, Vol. I (Royal Philharmonic Orchestra, conducted by Sir Thomas Beecham; Capitol-EMI, 3 LPs). The first six of the twelve famous symphonies Haydn wrote under the sponsorship of London Impresario J. P. Salomon in the late years of his life. Conductor Beecham gives them a fine, forthright reading that underscores their coltish exuberance, plays down their romantic charms...
With profits recovering, many a board of directors saw fit to pass on to stockholders a traditional holiday treat: an extra year-end dividend. P. Lorillard Co., still riding high on the sales of Kent cigarettes, voted a 95? extra, bringing dividends to $4 v. $1.95 in 1957. Extra dividends and 2-for-1 stock splits were approved by Pet Milk and Kellogg Co.; growing drug sales gave Chas. Pfizer & Co. stockholders a higher dividend, a year-end extra of 60? and a proposed 2½-for-1split...
...P. O. (for Peter Olai) Peterson, 62, resigned as chairman and
president of Mack Trucks, Inc. after a four-year tenure in which he
more than doubled Mack's sales and successfully weathered the recession
(third-quarter sales of $66,352,321 v. $60,759,386 in 1957).
Successor: to be named by Dec. 31.
...Lewis Gruber, 63, president "since 1956 of P. Lorillard Co. (Old Gold, Kent, Newport), fourth largest U.S. tobacco manufacturer (first nine months' sales: $353 million), moved up to the vacant post of board chairman, but will continue as chief executive officer. Taking his place as president, and most probable successor to head Lorillard when Gruber retires in two years: Harold Francis Temple, 55, vice president and director of sales, who began as a salesman with Lorillard 30 years...