Word: ponts
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Dates: during 1950-1959
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From the day he got a selling job with Du Pont at 17, Thomas Steele Nichols has had one battle cry: "What are we waiting for?" Nichols has never waited for anything. Though he never went to college, he became vice president of a Manhattan chemical company at 28, was made president of the old, established Mathieson Chemical Corp. four years ago at 38. Since then, Tom Nichols has more than tripled Mathieson's sales ($91 million last year) and done the same for earnings...
...Force has tried to get private industry into developing aircraft armament, but with little success; businessmen are fearful of being tagged with the "merchants of death" stigma that haunted Du Pont for years. With Oerlikon's arrival, the Air Force hopes that other U.S. manufacturers will get into ordnance development and provide U.S. planes with the heavier firepower they need...
...Paris by acting, in many ways, just about as she did in the late 19203, when the Eisenhower apartment on the Rue d'Auteuil-occupied while Ike served with the American Battle Monuments Commission -was known as "Club Eisenhower" to their friends, and nearby Mirabeau Bridge as "Pont Mamie...
Nevertheless, in Manhattan's federal court last week, Judge Sylvester Ryan ruled that none of this was sufficient. In an opinion outlining the decree which he will shortly issue, Judge Ryan said that Du Pont and I.C.I., which he had already found guilty of violating anti-trust laws, must divest themselves of three of their five jointly owned companies in Canada and South America, with total assets of $400 million. Moreover, he found that Du Pont, as a penalty for having "misused" its patents on nylon, will have to make them available to all comers for a reasonable royalty...
...future patents. This Judge Ryan sternly refused to do. He termed the demand itself unprecedented in law, and added that it "would be punitive as well as destructive of that driving incentive which has accounted for much of the remarkable development of the chemical industry." Noting that Du Pont had spent a total of $196.8 million to bring nylon from test tube to mass production, he observed that it is also spending $45 million a year on research. Said he: "Its past development of new products and processes has done much to promote our national economy and to meet...