Word: procter
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ANTITRUST BATTLE is boiling up over Procter & Gamble's $30 million purchase of Clorox Chemical Co., biggest U.S. seller of household liquid bleach. Federal Trade Commission says that purchase gives P. & G. 48% of liquid-bleach market (v. 16% for nearest competitor), charges that combination of two companies may "substantially lessen competition" or "tend to create a monopoly" in home-laundry business...
...Force will come down five wings to 123; the Army will probably drop another division to 15 (but will withdraw troops from no overseas area except Japan); the Navy will mothball 35 operating ships. Further cuts may turn out to be necessary, Wilson hinted, when his successor, Procter & Gamble's President Neil Hosier McElroy, gets to working out the defense budget for fiscal...
Your Aug. 19 box on Secretary of Defense McElroy and Procter & Gamble reminds me of a time when, as one of a group of chemical warfare inspectors in training, I was sent to a P. & G.-operated shell-loading plant in Tennessee to observe the handling of explosives. P. & G. maintained a discipline in regard to safety rules that is still a goal with me in my present role as teacher and mother. If Mr. McElroy can apply to the Pentagon some of the principles that were of paramount importance in P. & G.'s plant, he'll come...
...certainly feel sorry for those 30,000 Procter & Gamble employees if their company had net sales of $1,038,290 in 1956 and Mr. McElroy received...
...Howard Joseph Morgens, 46, will succeed Neil McElroy, 52, as president of Procter & Gamble when McElroy becomes Secretary of Defense Oct. 1. Mc-Elroy's longtime protégé, St. Louis-born Soapmaker Morgens graduated from Washington University ('31) and Harvard Business School ('33), first went to work as a $150-a-month store-to-store salesman for Procter & Gamble in Kansas City, trying to interest people in soap in a Depression year when many could barely buy food. He did so well that P. & G. sent him on a cross-country tour. After six months...