Word: smarted
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Dates: during 1960-1969
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...played with the Saturday Night Club, a group of Baltimore amateurs and professionals who met to drink beer and wobble through everything from Funiculi, Funiculo to the Brahms Second Symphony. Mencken's writings on music, which appeared in his newspaper columns and in the two magazines he edited (Smart Set and American Mercury), show neither the musical erudition of Britain's Ernest Newman nor the impeccable taste of that other musical iconoclast, George Bernard Shaw. Mencken's ears were pretty well shut to the 20th century: Stravinsky, he insisted, "never had a musical idea in his life...
...DuBignon Clay, 64, giant Continental Can Co. will don civvies again. General Clay, newly named as President Kennedy's personal representative to Berlin, turned the chief executive officer's post over to Continental's strapping (6 ft. 3 in.) President Thomas Cyril Fogarty, 57. A whip-smart packaging expert who has been at Continental for 32 years, Fogarty will keep mobilized the battle units that General Clay set up to overcome rival American Can Co.'s sales dominance in the can industry. But aides expect the jovial Fogarty to relax Clay's iron discipline...
...When Financier Floyd Odlum, longtime boss of Atlas Corp., retired last year at 68 to his Indio, Calif., ranch, the smart money bet that it would not last. Odlum, the argument ran, was constitutionally incapable of slowing down after 37 years of buying, revitalizing, and selling off such companies as Paramount Pictures, Hilton Hotels, Greyhound Corp., Bonwit Teller and Atlantic Refining. Last week, after 16 months of restless ease, Odlum proved the smart money right, swung back into action as chairman of Salt Lake City's Federal Resources Corp. Federal's assets are a paltry (for Odlum...
...reason is that smart gamesters do not always score high as real-life executives-and vice versa. Boston's John Hancock Mutual Life Insurance Co. puts its 225 district managers (salary range: $14,000 to $60.000) through a two-day game, and some of them, says a Hancock Dersonnel man, make "horrifying" decisions in play. Hancock uses the "In-30x" game: each player is given 100 typical memos, letters and records, then must act on every one. What to do for a clerk celebrating her 25th anniversary with the company? (Wise answer: Send her a cake with 25 candles...
...Samuel Lapowski. his paternal grandfather, was born. Migrating to Texas after the Civil War. Lapowski set up shop as a clothier, first in San Antonio and later in Abilene, took his mother's maiden name of Dillon, prospered enough to send his only son Clarence to Harvard. Shrewd, smart and blessed with a good poker player's sense of timing, Clarence ("Baron") Dillon was the only boy in his class ('05 ) to own a car-and the one who perhaps drove ahead the farthest. The Baron was an authentic Wall Street genius: he built Dillon. Read...