Word: townsend
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...economic reform; after a long heart ailment; in San Francisco. The son of a Civil War colonel, Downey started out as a Republican in Wyoming, migrated to Sacramento and the EPIC (End Poverty in California) movement of Author-Crusader Upton Sinclair, then as a regular Democrat supported Dr. Francis Townsend's scheme for old-age pensions and the "$30 Every Thursday" campaign...
...When directors of troubled Chrysler Corp. tapped Lynn Townsend, 42, as president (TIME, Aug. 4), they gave him only one-third of the corporate power. Last week the other two-thirds was given to Executive Committee Chairman George Hutchinson Love, 61, who, as chairman of Pittsburgh's Consolidation Coal Co., is also the nation's biggest coalman. Chrysler's directors turned to Love because he is a proven comeback champion (his Consolidation is highly profitable despite the slump in coal). New Chairman Love will make policy and wield virtually the same powers as did former Chairman Lester...
Candidly, Chrysler's young (42), new President Lynn Townsend explained the reasoning behind his strategy: the multiplicity of new names and models has already so confused the public that Chrysler decided to play it straight and simple. Said Townsend: "People like to feel that a Dodge is a Dodge and a Plymouth is a Plymouth. They feel slightly confused and faintly unhappy when a car they have owned for years suddenly gets itself a baby brother...
...Townsend's logic made special sense for Chrysler, which has already run $15.7 million into the red in 1961's first six months and cannot well afford to blanket all of its competitors' new models with Chrysler equivalents. And except for its intermediate gamble, Chrysler was playing its cards cautiously. Like almost all the 1962s-some of which have finally been exposed to public view (see cuts)-the new Chrysler cars reflect a trend toward smoother lines. For the first time since 1957, the Imperial and Chrysler models have lost their once-lofty fins. The new Imperials...
MARTIN I. TOWNSEND...