Word: textileman
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With a personal fortune of at least $20 million in Snia Viscosa stock and other assets, Textileman Marinotti dreams of forsaking his sideline for his main interest. "Art," he says, "is the only explanation for life." He has visions of a retirement spent painting, writing poetry, cooking (favorite dish: chicken à la Strogoff) and collecting the great art of the past. But Artist Marinotti is too much of a businessman for that...
...block of stock, 300,000 out of 2,644,486 outstanding. Wall Street speculated that he may be trying to get control of the company since his investment is now bigger than the holdings of the next biggest stockholders, former Fox Production Head Darryl Zanuck (about 130,000 shares), Textileman Lester Martin (about 70,000), Fox President Spyros P. Skouras (about...
North Carolina's Governor Luther Hodges, a courtly textileman who came out of retirement to enter public life four years ago, likes to keep his books straight. Assured of re-election after romping through the May 26 primary with a record 401,082 votes, popular Democrat Hodges last week proceeded to clear up his accounts with a businesslike gesture that sent chills through other politicians across the country...
Tough-minded Textileman Royal Little, 58, says he got bald the hard way: by "butting into stone walls." As boss since 1928 of Textron, Inc., he built up a $55 million firm on the theory that what the textile industry needed was a fully integrated company that produced everything from the staple to such finished goods as negligees, blouses and bedspreads. Until 1948 the theory worked well, and Textron prospered with the rest of the textile industry, but when the industry went into its postwar slump Textron's profits turned to losses. Little found out that in the textile...
...governmental cost was too small to try to make smaller. By standardizing purchases of everything from office furniture to paper clips and toilet tissue. General Services Administrator Edmund Mansure, a Chicago textileman and the Government's chief housekeeper, saved $133 million. In the Post Office, switching from heavy canvas to nylon mail sacks will save $800,000 a year in freight...