Word: procter
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Dates: during 1950-1959
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...contrast between Secretary Gates and outgoing Secretary McElroy could hardly be greater. McElroy (who goes back this week, with no regrets, to a new Procter & Gamble job as board chairman at upwards of $285,000) is an attractive, extraverted salesman-impatient with details or lengthy briefings, a man who shrinks from offending a friend or customer, who agonizes over difficult decisions. In his 26 months as Defense Secretary, which began so dramatically only five days after the first Sputnik soared into history, McElroy has had a hit-or-miss record (TIME, June 22). As a salesman, succeeding rough-handed "Engine...
...producers' admission that the show was crooked, said he, has damaged his reputation. Reason: his friends will not believe that he was not in on the fix. He filed a $500,000 suit against NBC, the show's producers (Barry & Enright Productions) and the sponsor (Procter & Gamble). What's more, argued Clark, his eye on an even bigger payoff, the fix cost him a possible $40,000 in winnings. He sued for that...
...death of Assistant Secretary Donald Quarles. McElroy, who spent much of his 27 months in office on far-ranging inspection tours, will make time to get just one more trip under his belt-to Alaska, Honolulu, the western Pacific and the Orient-before slipping back in late December to Procter & Gamble...
...amounted to was a shaky compromise between rival antiaircraft missiles, the Army's Nike-Hercules and the Air Force Bomarc. The solution satisfied hardly anyone, and the grumbles both from Capitol Hill and the Pentagon reflected an increasingly apparent fact: for Neil Hosler McElroy, sometime president of Procter & Gamble, one of the longest of all Washington honeymoons is ending...
...first U.S. ICBMs would be operational in July 1959, when in fact the target date was January 1960. Moreover, McElroy undermined his own Washington prestige by confirming rumors that he planned to leave his $25,000-a-year post in late 1959 or early 1960 and go back to Procter & Gamble, where he earned $285,000 a year, plus hefty fringe benefits...