Word: ponts
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...horsemen to be the best thoroughbred since Man o' War: the $108,900 Jockey Club Gold Cup at New York's Belmont Park, for an unprecedented third year in a row. Ridden by Jockey Ismael Valenzuela, who never had to use his whip, Mrs. Richard C. du Pont's five-year-old gelding breezed to an easy ten-length victory, covered the two miles in 3 min. 19-4/5 sec.-breaking Nashua's track record. Kelso's $70,785 winner's purse ran his lifetime earnings to $938,380-sixth highest total...
...Million Cancellation. There has been more coming than going. Already in the foundation stage are the buildings of the Bell System, Du Pont. Eastman Kodak, Electric Power & Light. Ford. Festival of Gas, IBM, General Motors, Sinclair Oil, Travelers Insurance, and the heliport. The international exhibitors are somewhat farther behind; 65 foreign exhibitors have declared their "intent" to be present. Of these, at least 35 have signed up for specific space, 17 have submitted designs. and two - Hong Kong and Vatican City* - have started test borings. Altogether, 83% of international area space has been allocated, 71% of the industrial area...
...largest private shipowner, one of its biggest brewers, a major power in banking and insurance, and boss, in all, of more than 100 companies. Next week the baking powder baron is due in New York to inspect the Columbus Lines (18 cargo ships), which he bought from Du Pont five years...
Most executives have a running theme in their public speeches, and Lammot du Pont Copeland's theme is the necessity for "interested owners" (stockholders) to participate more actively in corporations, rather than leaving it all to hired professional management. He is in a rare position to do just that. Last week serious, reserved "Mots" Copeland, 57, great-great-grandson of Founder E. I. du Pont and one of the company's largest stockholders, became the eleventh president in the 160-year history of the biggest chemical maker in the world...
...chief executive, Copeland succeeds Crawford Hallock Greenewalt, 60, the son-in-law of onetime President Irénéé du Pont; Greenewalt moves up to chairman of the board after 14 years as president. While Greenewalt will "guide policy decisions," Du Font's operations will be run by Copeland, who joined the family firm shortly after graduating from Harvard (B.S. in engineering, '28) and, save for a four-month layoff during the Depression, has been with it ever since. The change, Du Pont executives say, was long scheduled, but hinged on the retirement of Walter S. Carpenter...