Word: rand
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Dates: during 1950-1959
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...Remington Rand's annual stockholders' meeting last year, Professional Heckler Lewis D. Gilbert had a question for the chair: Why did Board Chairman Douglas MacArthur own no stock in the company? That, the Old Soldier brusquely replied, was none of Gilbert's business (TIME, Aug. 10). In Buffalo last week, as Remington Rand stockholders met again, there was a marked improvement in MacArthur-Gilbert relations. Ex-Corporal Gilbert was pleased to note that the five-star general had since bought 800 shares of company stock, a transaction that had been duly recorded by the Securities and Exchange...
...MacArthur, Remington Rand was indeed a good buy; since he picked up the stock last December, the price has risen about $6 to more than $21 a share, giving him a paper profit of about $5,000 on his $12,000 investment. Remington Rand is apparently just as pleased with the general as he is with the company. It has given him a raise-from $45,000 to $68,600 a year...
...General Leslie R. Groves, vice president of Remington Rand, wartime head of the Manhattan Project, who had appointed Oppenheimer director at Los Alamos in 1943. Groves was cautious. Oppenheimer had done a "magnificent job" at Los Alamos, but "you must remember that he left my control shortly after the war was over." While Oppenheimer "did not always keep the faith with respect to the strict interpretation of the security rules," neither did other leading scientists...
Died. Andrew Frederick Wyles McNally, 67, chairman of the board of Rand McNally & Co., the world's largest map publishers; of a stroke; in Chicago...
Last night Huff glumly admitted in New York, "We haven't heard a thing." General MacArthur, who is currently chairman of the board of the Remington-Rand Corporation, could not be reached for comment...