Word: townsend
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SWANS ON AN AUTUMN RIVER by Sylvia Townsend Warner. 222 pages. Viking...
...Sylvia Townsend Warner's genteel and wonderfully Victorian prose has always seemed at first sampling to be as innocuous as dandelion wine. Only after the unwary reader is under its influence does he discover that it is laced with gall and witchy nightshade, not to mention a dollop or two of venom...
...natural-gas company, whose products are known to motorists as "Conoco." This prospect appealed to Love partly because he hankers to spend more time managing Chrysler Corp., 7.3% of whose stock is owned by Consolidation Coal. Though Chrysler is well run by its operating chief, President Lynn Townsend, it could use more of Love's financial attention; because its auto sales have been so good, it now needs money to finance a $1 billion, two-year growth program. Recently the Chrysler board voted to postpone Chairman Love's retirement, which had been scheduled for Oct. 1, just after...
Prices traditionally are set by the biggest, most efficient and most profitable company-General Motors-and Ford and Chrysler ride along. Last week, however, Chrysler President Lynn Townsend jumped the gun, announced price rises to cover the safety equipment. When G.M.'s Chairman Fred Donner 48 hours later announced that G.M.'s prices would be just about the same as last year, Chrysler was left about $50 out of line. Townsend acted either from cockiness or sheer need. Though Chrysler's sales have more than doubled since 1961, its rapid expansion of plants has left the company...
...with bonuses and stock holdings. G.M. Chairman Fred Donner leads the list, with a pre-tax figure of more than $800,000 from salary and stock and cash bonuses. In fact, the ten highest-paid executives in the U.S. are all in the auto industry, including Chrysler President Lynn Townsend (salary plus cash bonus: $555,900) and Ford President Arjay Miller ($515,912). Salaries depend, of course, on a company's size and profitability and an executive's responsibilities. Pure pay runs much higher in the U.S. than for comparable posts elsewhere, but executives abroad enjoy perquisites that...