Word: sloane
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Dates: during 1950-1959
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...drives that dominate Sloan and Kettering are essentially different from Stagg's. Neither automan has ever been interested in reforming the world in conventional do-gooder style. Both have displayed a knack (which indicates at least a strong unconscious urge) for moneymaking, whereas Stagg, though usually underpaid, has turned down fortunes offered by Hollywood. Yet both Sloan and Kettering have turned, in advanced years, to philanthropy of a highly practical sort: the two are forever commemorated in Manhattan's Sloan-Kettering Institute, research arm of Memorial Center for Cancer and Allied Diseases (TIME, June 27, 1949). Individually, each...
Dedication & Stress. Evidently stress by itself need not be a killer, for there is plenty of it for a coach in Big Ten football. Certainly no man in big business has faced much severer stress than did Sloan as G.M.'s chief executive officer in the era of big unions, big strikes and the biggest...
...Sloan and Kettering are like Stagg in that neither has ever smoked, but not for his reason; they simply never got the habit. Boss Ket has a highball before dinner every night; Sloan toys politely with a drink in company, barely sips it. Where Stagg still lives on a fanatically sparse diet, Sloan and Kettering boast that they have no food fads, eat in moderation whatever is put before them...
...endured not only the emotional torment of a presidency that spanned most of the Depression, but two decades of obloquy in which his name was equated with economic disaster and social injustice. A poor boy who, like Stagg, got his early exercise involuntarily, and a self-made millionaire like Sloan and Kettering, Herbert Hoover has long since dropped the daily gym exercises that won him fame as head of the "medicine-ball Cabinet." Still, his energy seems almost unlimited. He rises early, usually around 6:30, is at his desk in his Waldorf-Astoria office by 9:30 a.m., directing...
...grosser, more practical level. The trouble may begin at 65, when (thanks to a chance decision by Bismarck in the 1880s) most pension plans and many compulsory retirement plans begin to operate. For business, this cutoff point may be sound up to a point. Says G.M.'s Sloan, who kept administrative control until he was 71: "The rule is probably sound, because, while some men can stay in administrative posts beyond 65, most may not be aggressive and vigorous enough to do so. But many of these same men can then be useful in policy-making positions, where their...