Word: sloops
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Dates: during 1970-1979
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Gyllenhammar has skippered Volvo with the same assurance with which he pilots his 31-ft. sloop Amanda III. Almost immediately after taking over, he replaced a centralized management structure with four semiautonomous divisions, each of which is responsible for its own profits. He also expanded production of trucks, marine and industrial engines and other products to a point where they account for 43% of Volvo's sales. Pretax profits reached $90 million during the first half of this year, despite a 19% decline in U.S. sales of Volvo cars...
...laid down lines for 700 vessels ranging from mine layers to troopships during World War II but was best known for his designs of sailboats, among them the popular 11½-ft. Penguin dinghy, Bounty II, one of the first successful fiber-glass ocean racers, and the twelve-meter sloop Weatherly, winner of the 1962 America's Cup races; in New Rochelle...
...swamped. Then Senator Ted Kennedy's big sailboat hove into view. Said a still-incredulous Randi: "I kept saying to myself, yeah, sure, you're getting rescued by Ted Kennedy." A small motorboat arrived on the scene and ferried the five hapless boaters to Kennedy's sloop Curragh, where Ted, Sister-in-Law Ethel Kennedy and several of his nephews and nieces greeted them with hot soup and warm clothes. Said an impressed David Lamkin, "Well, Mr. Kennedy, how often do you rescue people from the ocean?" Replied Ted, "Not very often." Later in the day Randi...
...returns, his $94,744 in deductions included a hefty $20,434 in mortgage interest payments and $8,180 in real estate taxes for his home in McLean, Va., $3,171 for his house in Hyannis Port, Mass., plus $3,890 interest on a chattel mortgage for his 50-ft. sloop Curragh. He also claimed losses of $3,938 from two rental properties in Boston and Madison, Wis. Though the Joseph P. Kennedy Jr. Foundation, of which the Senator is president, has given an average $2 million a year to charity since 1946, Kennedy made personal charitable contributions...
...March 4, 1973, Maurice and Maralyn Bailey had their breakfast interrupted by sperm whale, which rammed their twin-keel sloop Auralyn about 250 miles northeast of the Galapagos Islands. The boat suffered a fatal portside hole below the waterline. Within an hour, the couple-who had been on their way from native England to New Zealand-embarked on a spectacular survival adventure in a round, covered rubber raft roped to a nine-foot dinghy. The publisher claims that the Baileys set a record-117 days*-for time adrift following a shipwreck. Though each lost about 40 pounds, suffered vitamin deficiencies...