Word: pattonism
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...October. But to a man, the steel executives offered the same justification for a hike: in the past three years, the steelworkers' average wage has jumped 30? an hour without any corresponding steel price rise. "To maintain a reasonable profit margin," said Republic Steel's Thomas F. Patton, "we should have a price increase...
Ever since 1948, skivvy-clad sprinters have strained to get a stride in front of Mel Patton's sizzling 9.3 sec. world record for the 100-yd. dash. Although ten men have matched his time,* no one yet has raced past Patton into the record book. But this year the old champ has a new, more dangerous challenger: San Jose State's cocky Dennis Johnson, a whippet-fast Jamaican who is undefeated in eleven straight races, and this month became the first runner in history to tie Patton's world record four times in a single season...
...businessmen agreed. Assembled in Manhattan for the annual meeting of the National Industrial Conference Board, nearly 1,000 top executives representing a cross section of U.S. industry found the economy rapidly improving. Despite a severe profit squeeze in many industries, said Republic Steel's President Thomas F. Patton, "the recovery in general business activity is more vigorous than most people anticipated...
Many companies with lower first-quarter earnings reported that they had already begun to shake off the slump. As the first major steelmaker to report, Republic Steel foretold improving industry conditions. Though per share earnings fell to 37? from $1.80 last year, Republic's President T. F. Patton said that "an encouraging upturn in orders and shipments developed in March and is continuing...
Feeling Humbled. Ken Patton, 19, is currently charged with explaining Bechuanaland's new currency and constitution to 10,000 tribesmen. He wrote home recently: "I have organized the burial of corpses in lead-lined coffins; I designed an African school; I redesigned our hotel. I have collected debts, fobbed off would-be explorers, drawn up contracts, been out with geologists, examined poisoned calves, taken statements, invigilated exams, and run the district (such as I was able) when the district commissioner was away for ten days. So as you see, life is full, busy, interesting and great...