Word: townsend
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...appeared. Sales rose 1% in the second quarter, to $5.6 billion, and earnings of $522 million were only 4.4% below last year v. a first-quarter profit drop of 34%. For the half-year, profits were $911,567,400, or 20% below last year. Chrysler's Chairman Lynn Townsend reported improved second-quarter sales of $1.6 billion with earnings off 11%, to $54.4 million, from the year-ago figure but better than the first quarter's performance. Ford Motor Co. (see WORLD BUSINESS) had a second-quarter income of $146,500,000 -off 32%-on sales...
...figures from Detroit and Washington. Auto sales, after a 21% decline during the first three months of 1967, jumped sharply in April to a level only 3.4% below their year-earlier pace. "The spring upturn we've been waiting for is with us," says Chrysler Chairman Lynn Townsend, who now predicts that a minimum of 8,200,000 new-car sales will turn 1967 into the third best year in the industry's history. He adds: "People seem to have decided there isn't going to be a recession after...
...usual questions about executive wages, profit sharing, charitable contributions, and cumulative stock voting. A.T. & T.'s new chairman, Haakon I. Romnes, greeted his 4,801 guests at Baltimore's Civic Center and handled the meeting with aplomb. In Detroit, Chrysler shareholders barely flinched when Chairman Lynn A. Townsend told them that first-quarter earnings had plummeted 71 % from a year earlier...
...Their Knees. Even so, more than a third of the American perimeter caved in, yielding yard by yard to Viet Cong pressure. Young troopers took reckless chances to fetch more bullets and grenades. Using his master sergeant as a sort of artillery spotter, Specialist Four Samuel Townsend, 21, a draftee and former high-school athlete from Detroit, pitched grenades with deadly accuracy at an enemy now less than 30 yds. away. In some spots the fighting was even closer. Private First Class Edward Edwards, 20, clubbed down one surprised Viet Cong with his rifle butt. SP4 Richard Hazel, 21, sprinting...
Embassy Negotiator Lewis Townsend at one point: "I'm not sure we're even on the same wave length." Last week Pan Am Chairman Juan T. Trippe and President Harold Gray succeeded in ironing out some of the problems, assigned a team of experts to explore possible technical assistance for Air Viet...