Word: randolphs
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Dates: during 1950-1959
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Clad in floppy hospital coat and pants, Airman Donald Gerard Farrell grinned, "Well, here goes," and clambered into a weird contraption at Texas' Randolph A.F.B. It looked like a home furnace -3 ft. wide, 6 ft. long, 5 ft. high-encrusted with tanks, pipes and electric cables. It was firmly anchored to the concrete floor, but it was the Air Force's closest approximation to the type of cabin in which a man might solo into outer space. Airman Farrell, 23, Manhattan-born son of a Wall Street accountant, was to make a seven-day simulated trip...
...Nikita Khrushchev to William Randolph Hearst...
Only two days after his suicide, the New York Central's Board Chairman Robert R. Young won a belated victory last week. After a bitter, 2½-year battle between Young and Randolph Phillips, a former associate, the U.S. Supreme Court cleared the way for one of Young's pet projects: a plan to wipe out $18 million in dividend arrears to preferred stockholders of Young's Alleghany Corp., which has working control of the Central with 973,500 shares of stock. Under the plan, each share of Alleghany's 5½% preferred stock would...
...thousands of dollars as the road's stock fell. His Alleghany Corp. had paper losses of more than $16 million on stock it had bought in the New York Central. To make matters worse, Bob Young was being challenged in the courts by a former associate named Randolph Phillips, who blocked some of Young's pet plans for Alleghany Corp. (TIME, May 6). So insistent and shrewd was Phillips' opposition that Young ranted and raved about him in private, hardly dared come to New York publicly for fear of being served with another Phillips summons...
...Albert L. Nickerson, 47, Socony Mobil Oil Co. president since 1955, will become chief executive officer next month when Board Chairman B. (for Benjamin) Brewster Jennings, 59, retires after 37 years with the company. Nickerson, a New Englander who looks like Cinemactor Randolph Scott, came up fast. Graduating from Harvard in 1933, he joined Socony as a service-station attendant, moved up to become a director within 13 years. Despite the current domestic oil glut, he has spoken out strongly for continued imports on the ground that high-cost U.S. producers will be unable to match soaring future demand...