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...turmoil overseas and in Washington is endangering Lockheed's survival???with important consequences for the economies of California and Georgia, where Lockheed is a major employer, and the national defense, since Lockheed is the nation's No. 1 defense contractor. The giant company (estimated 1975 sales: $3.25 billion) was saved from bankruptcy in 1971 by the Government's guarantee to repay $250 million in private bank loans. But the General Accounting Office, which conducts audits for Congress, has expressed doubt that Lockheed can repay the loans on schedule by 1978?and the Government is unlikely to extend the guarantee. Burns...

Author: /time Magazine | Title: SCANDALS: THE BIG PAYOFF | 2/23/1976 | See Source »

Faced with these doubts and problems, the most thoughtful businessmen make the strong case that social programs should be considered not as an expense or inconvenience but as an investment in survival???for the nation, for the capitalist system, and thus for the company. Gaylord Freeman, chairman of the First National Bank of Chicago, warns that, "There is nothing in either the Ten Commandments or the Constitution that guarantees private property. If at any time the majority of our citizens conclude that they would be better off under some other economic system, then our system will be changed." Adds Henry...

Author: /time Magazine | Title: Business: The Executive As Social Activist | 7/20/1970 | See Source »

Ultimately, both men and maggots need the help of an emerging science of survival???ecology. In the U.S., a tiny band of ecologists has achieved sudden prominence: Rene J. Dubos (Rockefeller University), LaMont C. Cole (Cornell), Eugene P. Odum

Author: /time Magazine | Title: Environment: Fighting to Save the Earth from Man | 2/2/1970 | See Source »

...Economic Advisers has over the economy. Above all, ecology?the interrelationship of all living things within the framework of the environment?must become as familiar a word to bureaucrats as GS-12 or ABM. As the new President's task force commented: "The real stake is man's own survival???in a world worth living...

Author: /time Magazine | Title: Nation: What the Government can do | 1/24/1969 | See Source »

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