Word: pan
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Dates: during 1960-1969
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...tracks running north from Grand Central Station. Today, many of Park Avenue's most spectacular glass-and-steel office buildings occupy railroad airspace; also over the tracks is the Waldorf-Astoria Hotel, which, without a basement, keeps its wine cellar on the fifth floor. The 59-story Pan Am Building, which was built five years ago with an 80-year air-rights lease that could bring the railroad a total of $100 million, stands atop Grand Central itself; last February, the newly merged Penn Central Railroad signed an even more lucrative agreement for a companion building that will rise...
...Yale University graduate named Juan Terry Trippe founded a modest air service that shuttled mail between Florida and Cuba. Both events have loomed large in the history of aviation. Lindbergh's flight pointed up aviation's expanding potential, and Trippe's little business eventually grew into Pan American World Airways, the world's largest international airline. Last week in Manhattan, when Trippe, now 68, finally bowed out as Pan Am's boss, it seemed altogether fitting that Lindbergh, long a Pan Am technical consultant and now one of its directors, was on hand...
...pioneer cut from the same mold as Eastern Air Lines' Eddie Rickenbacker, United's William A. Patterson and American's C. R. Smith, Trippe was the last of them to relinquish command. And the manner of his departure was typical of the reticent executive. Presiding over Pan Am's annual shareholders meeting, barely 24 hours after the airline's other top brass first got the word themselves, he casually dropped the news at the end of a 45-minute speech on company finances. When 62-year-old President Harold E. Gray, his hand-picked successor...
...Down. Few ever did. A man of both vision and vigor who honed his boyhood interest in aviation as a Navy pilot during World War I, New Jersey-born Trippe ruled his airline with a firm hand. After establishing Pan Am as the first carrier to offer regular international service, he engaged in what amounted to a one-man diplomatic mission in order to negotiate landing rights in South America. In the 1930s, with his line's South American routes already well established, he became the first to introduce scheduled airline service across both the Pacific and the Atlantic...
...largest U.S. companies account for more than half of the nation's industrial exports. To encourage smaller firms to hunt for overseas business, the Commerce Department has been revving up official trade missions. Last week some 40 U.S. executives hustled to Sydney and Melbourne with the help of Pan American to search for orders for everything from automatic controls to waste-disposal systems. "We can't sit on our duffs and wait for this business to come to us," said Chairman John R. Kimberly of papermaking Kimberly-Clark. Such efforts can pay off handsomely. After Illinois-based Ideal...