Word: simonsen
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Although he is a skipper without a ship, Danish-born Svend T. Simonsen, 59, has been taking a remarkably rewarding cruise through the $3 billion-a-year pleasure-boating business. So many ex-landlubbers are signing up for Simonsen's correspondence courses in piloting and celestial navigation that his Coast Navigation School in Santa Barbara, Calif., took in a total of $85,000 last year. His income may not qualify him as a tycoon, but the captain wins high marks for return on an original investment...
Then, in 1961, bowing to the intense nationalistic pressures stirred up by President Jánio Quadros, Pan American sold its 30% controlling interest to Brazilian investors. The new owners, notably Mário Simonsen, a wheeler-dealer who made a fortune speculating in coffee, quickly put Panair into a financial nose dive. To win friends and influence politicians on other business deals, Simonsen started handing out so many free tickets that on overseas runs as many as 40% of Panair's passengers were flying now and paying never...
...Marie Simonsen, the visiting lecturer who was supposed to teach Ec 116, was kept at home by "a family situation." Plans were made to drop the course and substitute Ec 292, a seminar on business and government, but the department found few students adequately prepared...
...Simonsen is from the Vargas Foundation in Brazil, an economics research institute. Barnes said last night that Simonson's duties at the Foundation may have prevented him from assuming his position at Harvard. The situation at the Institute is "pretty rough and short on economists," he added...
Barnes, who helped arrange his appointment, said that Simonsen might be able to come next term. Calvin P. Blair, the visiting professor in Ec 292, will address those interested in taking this course today at the scheduled time...