Word: provo
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JOSEPH F. WILCOX Leader Wilcox-McKinley Expedition Provo, Utah...
Since Ben W. Heineman, 53, took control of the Chicago & North Western Railway eleven years ago, he has injected a youthful zip into the once floundering company. Last week he gave a further injection, naming 40-year-old Larry S. Provo to the company's No. 2 spot and making him just about the youngest president of a major U.S. railroad. Heineman has shifted some of his previous duties to the new man, but is not exactly ready for a golden-years club. He continues as chief executive officer as well as chairman...
Neither Heineman nor Provo could be called a typical railroad man. Heineman is a lawyer who got into the railroad business after a 1954 proxy fight, when he took control of the smallish Minneapolis & St. Louis Railway. A 27-year-old accountant named Provo was brought in to help straighten out the corporate mess. Heineman liked Provo, and soon after hired him away from Arthur Andersen & Co., the accounting firm, and gave him a vice-presidency. Two years later, Heineman moved to the C. & N.W. and took Provo along...
...Cable of Rochester, N.Y. (Mathematics); David L. Engel of Dayton, O. (Economics); Alan N. Granger of Berkley, Mich. (History and Literature); John A. Gresham of Mt. Lebanon, Pa. (Social Relations); Albert J. Hudspeth of Houston, Tex. (Biochemistry); Bruce R. Leslie of Brooklyn, N.Y. (Biology); G.W. Schaumburg Jr. of Provo, Utah (Applied Mathematics); Allen Trasher of Norfolk, Va. (Sanskrit); Ronald L. Trosper of Milwaukee, Wisc. (Social Studies); Pieter M. Visscher of Minneapolis, Minn. (Physics) and David A. Wendt of Haddonfield, N.J. (Social Studies...
...Some 3,000 executives-more than 10% of the company's management-have been released or sent to early retirement. Another 2,500 executives, who have what one U.S. Steel official calls "good records and good attitudes," have been rooted up from such outposts as Birmingham, Cleveland and Provo, Utah, leaving behind a surfeit of $35,000 to $50,000 homes. Transferred to Pittsburgh, they now overflow the 41-story headquarters into four other downtown buildings. They have been brought together as part of the corporation's effort to slice through its layer cake of supervisors, consolidate...