Word: townsend
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...With the support of a committee of outside directors, he ousted Colbert. But the task of finding a new president and operating boss for Chrysler proved difficult. Unable to persuade anyone outside the company to risk the job, the directors in July 1961 turned to Administrative Vice President Lynn Townsend, who had, in fact, been running Chrysler for seven months. To keep a close watch over operations, Love himself became chairman and demonstrated his faith in Chrysler's future by making Consolidation Coal the largest Chrysler stockholder...
...more than anything else to keeping the U.S. prosperous; and one of the big contributors to the increase in auto sales was the long-ailing Chrysler Corp., which in the space of one year did a surprising turnaround. Thanks to the energetic leadership of its new president, Lynn Alfred Townsend, 43, Chrysler in 1962 was the comeback story of U.S. business...
Exotic Gardener. Despite all the energy he gives to Chrysler, Townsend gets home to his unpretentious ranch house in suburban Bloomfield Township almost every night for dinner and seldom brings work with him. "I've never been one who measures the quality of a job by the length of time applied thereto," he says. With his wife Ruth, whom he met at the University of Michigan, he is an avid indoor gardener, raising such exotic plants as orchids and sea grapes. Summer weekends they spend at their cabin on Byram Lake, 45 miles from home, where Townsend water-skis, boats...
...office Townsend is a brusque, blunt executive who would rather duck into a man's office for a talk than use the telephone. With Townsend, says one hardworking Chrysler official, "the needle is always out?but always in good humor." Says Chairman George Love: "He has the rare capacity to persuade his associates to express opinions contrary to his own." Adds Love of his own relationship with Townsend: "Let's say Townsend has an uncle?an uncle with some experience m managing a pretty tough coal business. This uncle is looking over his nephew's shoulder because the uncle...
...Jersey, noted that nary a Volkswagen was to be seen around Cobo Hall. "Well," said he genially, "this is a 'national' auto show, isn't it?" To a luncheon audience that included Henry Ford II, G.M. Chairman Frederic Donner and Chrysler's President Lynn Townsend, he urged U.S. and foreign automakers to make common cause in ending all trade barriers in the free world. "I look with the same great concern as you do on the protectionist thinking of certain high-tariff groups within the Common Market countries," said Nordhoff. "The Common Market is not something...