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Scotch and sandwiches streamed into a suite in Chicago's Ambassador West Hotel for 48 hours straight last week. Inside, a dozen high-priced lawyers barely paused to refresh. When they did pause at last, patent-challenger Zenith Radio Corp. had finally pinned heavyweight champ Radio Corp. of America after eleven years of legal jujitsu. In the biggest antitrust recovery in history, Zenith settled for $10 million in its $61.7 million suit against...

Author: /time Magazine | Title: CORPORATIONS: Zenith Beats RCA | 9/23/1957 | See Source »

Rebellion. Like Henry Ford, who broke the Selden pool of automotive patents in 1911 by refusing to pay royalties, Zenith President Eugene McDonald openly rebelled. In 1946 he stopped RCA royalty payments on radio tubes, filed a suit in Delaware charging an RCA conspiracy to monopolize the industry through patent control. In 1954 Zenith incorporated the original suit in a new one filed in Chicago, asking $16,056,000 in damages from RCA, Western Electric, Westinghouse, General Electric and 14 foreign electric companies. It charged that all had conspired with RCA to keep Zenith out of foreign markets through patent...

Author: /time Magazine | Title: CORPORATIONS: Zenith Beats RCA | 9/23/1957 | See Source »

...constant demands for more and more federal services. Last year the executive branch added 30,000 employees-the Post Office took on 12,611 new workers to handle the increasing torrent of mail; the Civil Aeronautics Administration had to cope with the swelling flow of air traffic; the Patent Office hired new employees to pare down the growing backlog of patent applications...

Author: /time Magazine | Title: BUREAUCRACY: Ever-Bearing Hatchery | 9/16/1957 | See Source »

When Mrs. Hoffa took her children to Detroit's two-fisted southwest side, the boys continued their endless search for a buck. One day they would haul ashes; the next would bring a handsome $2 for passing out handbills (patent-medicine ads) to workers at the Ford River Rouge plant. Soon afterward, Jimmy, who was later to lecture at Harvard, quit Neinas School after the ninth grade...

Author: /time Magazine | Title: LABOR: The Engine Inside the Hood | 9/9/1957 | See Source »

...learned his engineering the hard way as a private contractor and U.S. Army engineer. Retiring after World War II. in which he bossed 170.000 military and civilian construction people in Alaska, De Long got wind of a new kind of jack, more powerful than any before, snapped up the patent rights and brainstormed the idea of a mobile drilling platform for oilmen. Until then, the only offshore drilling was from permanent rigs that cost $1,500.000 to build, another $750,000 to dismantle. Gambling his own funds, and credit, De Long built a $250,000 prototype that was simple, seaworthy...

Author: /time Magazine | Title: CORPORATIONS: Islands to Order | 9/9/1957 | See Source »

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