Word: townsendized
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DUEL OF EAGLES by Peter Townsend. 480 pages. Simon & Schuster...
...Federal Reserve Board thus narrowly averted a liquidity crisis-but not without a few tense moments. Some financially embarrassed companies had trouble refinancing their commercial paper. In one case, Chrysler Chairman Lynn Townsend flew to Manhattan and arranged a $400 million increase in the company's line of credit from a group of banks. Many other cash-hungry companies were not so fortunate. Business failures in 1970 rose to a three-year peak of about 10,000, and the sums of money involved reached an alltime high...
...MARGIE TOWNSEND Shreveport...
...aggressive direction that Chrysler is getting from the new management of President Riccardo, 46, and Group Vice President Eugene A. Cafiero, 44, who is in charge of auto operations. They took over in January, when former President Virgil Boyd moved up to vice chairman and Chairman Lynn Townsend relinquished control of day-to-day operations; Townsend now concentrates on long-term policy decisions...
...Organization, Townsend...