Word: thuma
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Dates: during 1950-1959
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...Kaufman Thuma ("K.T.") Keller, 70, will retire April 17 as board chairman of Chrysler Corp. after 30 years of service, half of it as president. In 1950 Keller turned over the operating job to President Lester Lum ("Tex") Colbert, since then has devoted much of his time to activities such as getting the U.S. guided-missile program off the ground (TIME, Jan. 30). Another change at Chrysler: F. W. Misch, 50, vice president, will move up to corporation finance officer, succeeding Financial Wizard George W. Troost, 53, Chrysler's No. 2 man, who died last week after a brain...
...figure in the gestation phase of the missile industry was K. T. (for Kaufman Thuma) Keller, then president of Chrysler Corp., whom President Truman put in charge of the program in 1950. Production Man Keller had little patience with visionary plans; he wanted hardware, both in the factories and in the skies, and he got it. The missiles now in operational use-the Matador, Nike, Corporal, Terrier-are the result of Keller's drive. Since most of them are soon to be replaced, Keller has been criticized for loading the inventory with so-so weapons. But this was inevitable...
...Okayed the resignations of 1) Chrysler Corp. Board Chairman K. T. (for Kaufman Thuma) Keller, director since 1950 of the Defense Department's Guided Missiles Office, 2) Craig R. Sheaffer, Assistant Secretary of Commerce. Sheaffer, Iowa pen manufacturer, had been on the way out ever since his attempt to get Allen V. Astin fired from his post as Bureau of Standards director detonated the great battery-additive debate (TIME, April...
...Just before he reached the retirement age of 65 last fall, Chrysler Corp.'s President Kaufman Thuma Keller moved into the post of chairman (TIME, Nov. 13). Last week Chrysler Corp. told its stockholders the proposed terms of its new contract with "K.T.," who is now running the Government's guided missile program. For five years if the stockholders approve Keller will serve as chairman at $300,000 a year (1950 salary as president: $250,800). After that, for the rest of his life, K.T. will be paid $75,000 a year for services he will be called...
...Keller, 64, the stocky and tough president of Chrysler Corp., was named director of guided missiles for the armed forces. K. T. (for Kaufman Thuma) Keller will keep his job at Chrysler, work three days a week without pay as special adviser to Defense Secretary George Marshall. The job was created because the Army, Navy and Air Force each had its own guided-missiles program, and they had long been tangled in overlapping, petty secrecies and inefficiency...