Word: shelled
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Dates: during 1960-1969
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...without pay. Air conditioners in most of the capital's sticky offices are turned on only when important visitors arrive. Roadways are falling apart, but when Sihanouk recently ordered a load limit of eight tons on the vital Pnompenh-Battambang Highway, he had to rescind the decree. Shell Oil, which supplies Battambang with all its oil and gasoline, pointed out that its tank trucks weigh six tons empty, and without them the town would soon be unable to operate its electric plants, trucks and cars...
...Broadway scene increasingly barren of authentic drama, honest emotion, and a conviction of reality. Broadway is stalemated between plays that cry in their beer and plays that munch cream puffs, between those that try to shock and those that aim to tease, between psychological freak shows and intellectual shell games. It is small wonder that people have been driven out of the theater when they find so little that is enduringly human...
...Useful Talent. Spaght, 55, is the first American in Royal Dutch/ Shell's 58-year history to become one of the seven managing directors who run the firm; in fact, he is the first of any nationality other than British or Dutch. He will fill a vacancy to be created by the retirement on July 1 of Senior Managing Director John H. Loudon (TIME cover, May 9, 1960). The top job, however, will remain in traditional hands: succeeding Loudon, 59, will be another Dutch oilman, Managing Director Luitzen Brouwer, 54. Spaght will in herit one of Loudon...
...Shell can use an international manager with Monty Spaght's talent for making mileage. Though its 500 worldwide subsidiaries and 11% of global oil production make it the world's second biggest oil company (after Standard of New Jersey), the Shell group's performance last year was disappointing. Despite record sales of $6.9 billion, a sharp drop in gasoline and oil prices in Europe and Japan helped depress profits 3% to $583 million. Without U.S. Shell, which is 69% owned by its European parent, the slide would have been steeper. The profits of Spaght's realm...
...Tube. A quietly disciplined scholar whose interests range from Arctic hunting expeditions to collecting Delft pottery, California-born Monty Spaght earned his way to a Ph.D. in chemistry at Stanford with the help of a dance-band trombone. He hated his first job as a research chemist at a Shell refinery but overcame his feelings sufficiently to become the company's top research and development man before he was named executive vice president in 1953. As president of the New York Economic Club, Spaght only two weeks ago introduced British Prime Minister Wilson to a star-spangled group...