Word: thorntons
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Dates: during 1960-1969
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...Berges felt that McNamara, as a former Californian, might well provide some pretty good guidance. One of the questions he asked was, "Who are the brightest men in California?" McNamara's reply was instantaneous: "Way up at the top of your list you'd better put Tex Thornton." Berges was not in California long before he shared that view and began to think of Thornton as an eventual TIME cover subject. His nearly three years of watching the dramatic progress of Tex Thornton and Litton Industries, plus long interviews with the industrialist on horseback trips through the mountains...
This was no performer re-creating the Old West, but the boss of a huge and exciting corporation that is dedicated to a relentless pursuit of the future. He is Charles Bates Thornton, 50, the chairman of California-based Litton Industries-and he was busy on horseback at the most important facet of his job: thinking. When "Tex" (he came from a small Texas town) Thornton has a problem to mull over, he finds that he does his best thinking on a solitary 30-or 40-mile ride through the mountains, where he can "look at the world down there...
...Supper, a musical version of Terence Rattigan's The Sleeping Prince, starring José Ferrer (Nov. 28). N. Richard Nash's The Rainmaker will reseed the money cloud as 110 in the Shade, with Inga Swenson, Robert Horton and Stephen Douglass (Oct. 24). A musical version of Thornton Wilder's The Matchmaker is called Dolly: A Damned Exasperating Woman, starring Carol Channing...
...that firms often give out money that really should be used to expand and improve operations."There are some companies paying out dividends that would actually be showing no profit at all if they were making the proper set-aside for depreciation of their facilities," says Charles B. ("Tex") Thornton, chairman of California's fast-rising Litton Industries. Litton has never in its ten-year history declared a cash dividend, preferring-as many other companies do-to hand out additional shares of stock to its shareholders and to use the retained earnings for expansion and modernization...
...List, the White House announced the names of 31 winners of the Presidential Medal of Freedom, highest peacetime U.S. civilian honor, awarded to only 24 persons since 1945. Hidden away among such names as Ralph Bunche, Pablo Casals, Felix Frankfurter, Ludwig Mies van der Rohe, George Meany and Thornton Wilder were a few less well-known, though no less deserving. Among them: Genevieve Caulfield, 73, "a one-woman Peace Corps," blind since birth, who has founded and tirelessly run a much-needed school for the blind, first in Thailand and now in Viet Nam; Robert J. Kiphuth, 72, Yale...