Word: townsendized
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Dates: during 1960-1969
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Yardling captain Dave Abramson set a new University record in the 220-yard freestyle, touching out Bulldog star Bob Townsend in a time of 2:02.9. Townsend led until the last turn, but after 200 yards he apparently thought the race was over (most freshman high school meets are swum over a 200 yard distance) and stopped for a fraction of a second...
When he came out of the turn Abramson had caught him, and Townsend didn't have enough left to hold off the Crimson Captain's final sprint. The winning time also broke the NCAA freshman record of 2:03.8, held by Dave Lyons, a member of this year's Yale squad...
When will the market peak out and start the plunge that signals a coming recession? Many analysts expect a big dip within a year. Most pessimistic is Alan Greenspan of Townsend-Greenspan, who says: "The peak of the bull market will be in the early spring, or at the latest by midyear." Most optimistic is Edson Gould, partner in Arthur Wiesenberger & Co., who believes the Dow-Jones index may reach 953 before a major downturn. "I expect this market to go on for most of 1962," says he. "If the bull market is over much sooner, it will...
Back in the Black. Determined to give his dealers a more appealing car to sell (it was too late to do much about the 19625), Townsend three months ago hired away from Ford able Stylist Elwood Engel, who created the clean, sculptured lines of the 1961 Lincoln Continental. And to restore Chrysler's longtime reputation for pacing the auto industry in engineering innovations. Townsend has handed his engineers a blank check to develop a gas turbine engine (TIME...
Though it has yet to show up in sales, this determined assault on Chrysler's cumbrous structure has already shown up in the company's books. By his overhead surgery, Townsend has cut Chrysler's break-even point from 1,000,000 cars a year to 800,000. Late last month, at a meeting in Detroit, he was able to announce that, despite its whopping $21 million loss in the first nine months of 1961, Chrysler's books for the full year would be in the black by "several million dollars"-thanks to a combination...