Word: ponte
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Most important, the development of leather substitutes has shaken up the hidebound industry, opening new prospects in automation and styling. Though Du Pont's new synthetic, Corfam, has conquered less than 1% of the market so far. 79 major shoemakers are using it and Du Pont is struggling to keep up with demand. The company predicts that out of a total of 650 million shoes sold this year, up to 7,000,000 will be made of Corfam, hopes that the synthetic will stimulate U.S. shoe sales much as nylon increased U.S. clothing sales...
...Pont cut some Corfam prices two weeks ago by 10% to 15%-or about 150 to 300 for each pair of shoes-and will cut further as production rises. Corfam shoes now sell for just about the same price as comparable leather shoes. Several of Du Pont's archcompetitors are trying to crack the Corfam formula. Secretly and intently Union Carbide, B.F. Goodrich, US Rubber and other companies are developing their own synthetics for the changing shoe industry...
Quick to Rise. Last year 50 firms interviewed students at INSEAD, and at least that many are expected this year, including such companies as IBM, Shell, Nestle, Air France, Du Pont, Phillips and Texas Instruments. Of INSEAD's 400 graduates, 60% have achieved managerial positions within two years. Some 80% of the graduates land in international companies. INSEAD's Giscard believes that "in less than ten years 600 or 700 of the largest international companies will achieve more than two-thirds of all world production." When that time arrives, INSEAD hopes, the men on the top will include...
...counterespionage as well as more frequent lawsuits. In what has become a benchmark decision, B.F. Goodrich Co. recently won an injunction forbidding a Goodrich space-suit engineer who had gone over to International Latex to use knowledge gained at Goodrich on his new space-suit work. So far, Du Pont has legally gagged a chemical engineer who knew its chloride process for making titanium dioxide paints when he left for American Potash & Chemical; a court order prohibits him from working on titanium dioxide processes...
...estate of Lyricist Oscar Hammerstein II, probated five years after his death, was valued at $7,127,161.65, bequeathed mostly to his widow, Dorothy, and their three children. It included a portfolio of 43 stocks and bonds, ranging from 104 shares of IBM to 100 of Du Pont, and "interests in musical and literary properties," meaning copyrights to lyrics from Rose Marie (1924) to The Sound of Music (1959), estimated...