Word: stannard
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Most companies are ready with a replacement when the top man dies. But Kennecott Copper Corp., largest U.S. copper producer, was a special case. Two years ago its president, E. T. Stannard, and his successor were both killed in an airplane crash (TIME, Sept...
...Raymond Cox, 60, a rough & ready dynamo who had spent most of his life in the steel business, risen to boss U.S. Steel's largest subsidiary, Carnegie-Illinois. Cox brought in some new blood for Kennecott's executive ranks, expanded research, cut costs where he could. Under Stannard, Kennecott was a one-man show; Cox decentralized...
...delighted to find that what they have always admired is indeed America's deepest wisdom, many will put the book down with the feeling they are being fobbed off with the obvious and the sententious. The biggest giveaway is Lin's acceptance of the late Ray Stannard Baker in his role-under the pen name David Grayson-of a horny-handed outdoor...
Before he retired, Stannard and Kennecott directors made sure that they had the right man to replace him. Since they were planning to spend $10 million to help develop gold mines in Africa, they picked Arthur Storke, 54, a mining man with an African background. Storke had trotted the globe and risen to the presidency of Climax Molybdenum Corp. He was an operating director of South Africa's Roan Antelope Copper Mines, Ltd., and of Rhodesian Selection Trust, Ltd.; during World War II, as minerals adviser to Britain's Ministry of Supply, he expedited mining operations in South...
When Storke took off from Manhattan on his trip last week, Parker and Stannard went along to show him the ropes. As their Quebec Airways DC-3 winged its way over the rugged bush country of Quebec, it crashed into a hill. All on board-23-were killed. With a top echelon of command wiped out, shocked Kennecott directors still had not decided this week on a new boss for the company...