Word: standardize
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Dates: during 1950-1959
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...therefore free to adopt whatever rules it wants at the beginning of each Congress. Nixon has already given such an opinion once (in another, similar fight in the 85th Congress) and can be relied upon to stick to his guns. After he rules, the Senate will operate temporarily under standard parliamentary rules which permit closure by a simple majority. Thus the liberals can terminate a filibuster against their anti-filibuster drive without much trouble...
Design for Conveniences. A graduate of Atlanta's Emory University ('41), Chandler spent four years in the Navy before going to work in paper production in 1946. He was a sales vice president of Union Bag and a director of 13 companies (including Standard Packaging) when Wall Street Financier Edward Elliott in 1955 asked him to write a report on ailing Crowell-Collier, in which Elliott held a sizeable interest. After recommending that the magazines be killed, Chandler became temporary chairman. When Elliott turned to Standard (he owns about 5% of the stock), he put Chandler in command...
...Standard was then a slow-moving manufacturer of milk-bottle tops. Chandler assembled an able young management team, decided to point the company toward "convenience" living and disposable paper products. With a five-year growth map of what the market wanted, Chandler set about buying complementary companies, took in Sterling Products for its paper plates in 1956, Modern Packages for its flexible packaging material. In 1957 he added four box and label makers, last summer merged the Johnston Foil Mfg. Co., which laminated foil to paper. This year Chandler got his biggest acquisition: Eastern Corp. (1957 sales: $25 million), which...
Expenses of integrating his new companies will slice Standard's earnings to about $1 a share in 1958. In 1959 Chandler expects to do better, though convertible stock, which Standard has issued to buy one company and stock options, could dilute per-share earnings by as much as 35% if converted into common. Chandler expects potential profits from new products to help make up for any dilution. Among them: plastic-coated punch cards that would last longer than present business-machine cards, and paperboard containers for oil. In Chandler's office are six paperboard containers, shaped like milk...
Producer Pal can congratulate himself for having succeeded where Walt Disney often fails: he has managed to play down to his audience and still play up to a standard...