Word: parente
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Dates: during 1960-1969
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Proponents of the center remain confident, however, that the vote will be reversed by the parent committee on science and astronautics...
...parent company, the Radio Corporation of America, color it green. Under the prod of Board Chairman David Sarnoff, 74, the company sank $130 million into color TV before getting a penny out. Now RCA manufactures most color-television tubes, licenses the rest. With an estimated 3,000,000 color sets (which start at about $380) now in use in the U.S., and with the new NBC schedule as a come-on, the number is expected to jump...
...years since merger, Hanover's organizational structure has been completely integrated with Manufacturers, and many former Hanover executives are no longer among the firm's 10,000 employees. Manufacturers Hanover has current assets of $7 billion, $2 billion more than the combined assets of the parent banks, has gained six new branches (total: 136) and thousands of new customers. To Justice, this simply reinforces a contention that the merger materially reduced bank competition in New York; for the bank, it raises the question of how it can possibly assign its new assets and customers in any split...
...Generation. Edgar Bronfman has steadily been assuming more power. Father still bosses the parent company, Montreal-based Distillers Corp.-Seagrams Ltd., but Edgar since 1957 has headed the mighty U.S. subsidiary, Joseph E. Seagram & Sons. At his order, it will soon bring out not only bottled cocktails, but also ten other new drinks in the most ambitious marketing program ever undertaken by any distiller. As the first step in that program, he jetted last week to Los Angeles to introduce a lighter blend of Four Roses in a bottle shaped like a fat paddle...
Heat from Father. Selling to 119 countries, Joseph Seagram last year accounted for 87% of the parent company's volume, earned $17 million on sales of $796 million (including excise taxes). Edgar figures to raise the total soon to $1 billion. "There's a little heat from my father to do it," he says. While supervising the U.S.'s two bestselling whiskies, Seagram's 7 Crown and V.O., Edgar has become a strong believer in market research, "but not as a substitute for intelligence." And every day he sits, sips, and selects blends with his master...