Word: packards
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Dates: during 1960-1969
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...with an impressive appointment. As his Deputy Secretary of Defense, No. 2 man in the Government's biggest department ($80 billion a year, a military and civilian personnel of 4,500,000), he picked one of the nation's most unusual and successful businessmen: Centimillionaire David Packard, 56, board chairman of California's prosperous Hewlett-Packard...
...Packard and William Hewlett, a Stanford classmate ('34), started the electronics company in a Palo Alto garage in 1939 with a $600 stake. Their first sale of any consequence was to Walt Disney, who bought nine audio oscillators to help create the sound effect for Fantasia. With Hewlett as the original engineering brains and Packard as a fiercely dynamic manager, the company has become the world's largest maker of electronic measuring devices. In the postwar era of computers, television and solid-state circuitry, its sales have grown to $269 million annually. It is a rare...
Student Target. Three years ago, Packard began a series of company commitments to better the lot of underskilled blacks and Mexican-Americans. He started training programs for the hardcore unemployed and used Hewlett-Packard resources to help set up East Palo Alto Electronics, owned and run by blacks. A Stanford trustee since 1954, he has been a target of student protest because of Hewlett-Packard's defense contracts and his seat on the board of General Dynamics. To many dissidents he seemed the personification of the military-industrial complex. Yet during a campus sit-in last...
...have made a great deal of progress in getting power and influencing how the university is run," he told the Stanford students. "But," Packard warned, "if you get in a confrontation, you'll lose all this and the university will lose too." As he left, one sit-in leader observed: "I don't believe it. There's a guy we've been cursing for twelve months, and when he shows up in person everyone sits in stunned silence." Last summer, Packard hired Phil Taubman, a Stanford Daily editor and TIME campus correspondent, as "radical in residence...
...companies have firm roots in the Stuttgart area. IBM-Germany is now Baden-Württemberg's third-largest enterprise, after Daimler-Benz and Bosch. International Telephone & Telegraph Corp. owns Standard Elektrik Lorenz electronics company, the state's fifth-largest firm. Litton Industries, Ampex, Perkin-Elmer, Hewlett-Packard, Bendix Corp. and Hughes International are represented through their German subsidiaries...