Word: packard
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...more than double last year's performance. American's nine-month earnings for fiscal 1959 ($8.36 a share) are running three times ahead of last year, came within only a few thousand dollars of the $50 million profit forecast for the whole year. In South Bend, Studebaker-Packard President Harold E. Churchill gave his fast-selling Lark full credit for the company's earnings of $1.87 a share for the half year, v. last year's loss...
...that a ten-man hearth crew does the work of seven men, that in one plant five crews are employed to move steel where four could do the job. Featherbedding has helped to break whole firms: automakers now contend that it was a major factor behind the demise of Packard, Hudson and Kaiser cars. The United Auto Workers often insist that several types of skilled workers-machinists, oilers, carpenters, metal handlers-work on a single job that management says could be handled...
...MODELS will be introduced earlier this fall than in other years, with 16 of 19 models scheduled by first half of October. Ford's Falcon is expected to bow first, followed by Chevrolet's small car, Corvair, and other General Motors makes, American Motors, Chrysler and Studebaker-Packard...
...Status Seekers, Packard...
...point Author Packard prints a chart of the social acceptability of various professions. Pennsylvania-born Vance Packard himself has risen in that scale. He began as a newspaperman (42nd place), but he is now considered a sociologist (27th). He lives in New Canaan, Conn., in a twelve-room house (white frame), and has a Weimaraner, just about the highest-status dog available...