Word: townsendized
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Glamorously, it was the last year in the coaching career of the late Harvey M. Love, a quietly confident man who died the following winter. "You win for a good coach just as much as you win for yourself," Captain Townsend S. Swayze '59 recalled yesterday, "and we were happy to make Harvey's last year so successful...
Since he took over seven years ago, Chrysler Chairman Lynn Townsend, an accountant rather than an operating man, has introduced just about the tightest cost controls in the auto industry-even while approving major new spending for additional facilities. In the past three years alone, Chrysler has appropriated $798 million for new plant and equipment. Space has been increased by 14 million sq. ft., or 30%, and Chrysler is making more and more of its own parts, instead of depending on outside suppliers...
...which the new models were tooled up. Chrysler earnings were $26.8 million v. $6,500,000 last year on a rise in sales from $1.1 billion to $1.3 billion; the increase in profits came about because of the earlier start on new-model production, economies ordered by Chairman Lynn Townsend, and the sell-off of a large inventory of cars. Both G.M. and Chrysler, late in the quarter, were helped to some degree by the U.A.W. strike against Ford...
...original 4.6% increase with an average boost of only 3.6%, or $110, which Ford cautiously matched with an increase of 3.9%, or $114. Despite Chrysler's lead in price jumping, it has been enjoying brisk 1968-model sales. So it was with no small reluctance that Chairman Lynn Townsend finally conceded that Chrysler prices were "a little on the high side" and ordered the 1968 increase...
...their early years. GC Computer, a Greyhound Corp. subsidiary and largest of the five leasing concerns listed on the American Stock Exchange, reported a 47% gain in earnings last year; the price of its stock jumped from 91 to 41 at one point during the spring surge. Levin-Townsend's earnings climbed mightily in the fiscal year ended in March, and its stock price rose from 12 at the end of December to as high...