Word: sunderlands
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...pays hefty taxes into tropical treasuries, concedes fringe benefits, goes in for such good-will undertakings as operating a free school in Honduras, where men from all over tropical America study scientific agriculture. But last week a new policy dramatically measured the change in United Fruit. President Thomas E. Sunderland proposed to turn over United Fruit banana lands to Latin American growers...
...policy is partly designed to appease what President Sunderland called the "understandable desire" of Latin Americans "to own their own land and grow their own crops for sale in the international markets." But it has another, even more compelling purpose: to raise United Fruit's profits...
Skipped Dividend. As a result of these trials, United Fruit last summer skipped its quarterly dividend for the first time in the 20th century. The appalled board of directors called in Outsider Sunderland, vice president and general counsel of Standard Oil Co. (Indiana), to be top banana...
...Thomas Elbert Sunderland, 52, vice president and general counsel of Standard Oil Co. (Ind.), was named president and chief executive officer of the trouble-torn United Fruit Co., succeeding Kenneth H. Redmond, 64, retiring after 42 years with the company. Sunderland, who admits he "knows nothing about bananas," is an expert in the antitrust problems that plague United Fruit; under a 1958 antitrust decree, United Fruit must sell off some of its properties, give up 35% of its import business. A Michigan-born lawyer, Sunderland saw World War II service in the Army Air Forces, became a Standard director...
...JAMES C. SUNDERLAND S.J. Saint Mary's College Saint Marys, Kans...