Word: steel
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Dates: during 1960-1969
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...highly unattractive since France can sell its own coal and oil inside the Common Market. Besides, Charles de Gaulle believes that trading with the Soviets is a dirty business (although he seems willing to trade with Red China) and recently denied an export license to a leading French steel company that was all set to build a refinery in Russia...
With trailing cables and color cameras, NBC-TV traipsed through the Chicago apartment of Inland Steel Vice President Leigh Block, 58, last summer to film his celebrated art collection, which ranges from ancient Chinese to modern French. It was all for a January program on "The Art of Collecting," but then he discovered that the show would have commercials (Humble Oil) as well as culture. "If I had known in advance that it was going to be sponsored, I would not have permitted them to film," blocked Block. With that, he refused to sign a release unless NBC promised...
Deep below deck, with all the mindless certainty of a Ouija board, a marking pen moved by steel fingers glided across a nautical chart of Narragansett Bay. As he followed the pen's thin red line, a Navy lieutenant, cut off from any view of the water, telephoned commands to the bridge. At each command, the helmsman altered course, and the 65-ft. test ship Alan threaded neatly among islands and inlets. Each change in direction and speed was instantly recorded by the moving...
...Wright has an unlikely background for an executive. Son of a Montana dentist, he worked through law school as an aide to Montana Senator Burton K. Wheeler in the 1930s, later became an antitrust lawyer for the Federal Trade Commission, where he tangled with many businessmen-including U.S. Steel Counsel Roger Blough, who lost to Wright in a steel-pricing case. Changing sides in 1952, Wright was hired as Zenith's counsel with the job of cracking RCA's control over some TV patents. He won the case, has been in a rivalry with RCA ever since...
Died. Charles Ruffin Hook, 83, longtime (1930-59) president and chairman of Armco Steel Corp., the nation's fourth-largest steel company (1962 sales: $918 million), who married the boss's daughter and ran the company with such a velvet glove (the industry's first eight-hour day, first group insurance plan) that to this day fewer than half of Armco's 34,000 employees belong to the steelworkers' union; of cancer; in Garrison...