Word: transition
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...company for its cash. But the raiders regarded themselves as leading a revolt of the stockholders. Right or wrong, they put the pressure on industry's managers to produce or get out. In the proxy war of the year, Financier Louis Wolf son (Washington's Capital Transit, New York Shipbuilding, etc.) fought a losing battle to take over Montgomery Ward. But the overall effects of his fight were good. At 81, Chairman Sewell Avery finally stepped down; in came a younger management. Result: Ward sales increased 10%, dividends were raised 12%, and the company proposed...
...major factor in the current demand for engineers. Georgia Tech's placement bureau, which will be sold out of 1956 graduates by May, is already taking orders for the class of 1957. The demand has led to a story of the civil engineer who, tired of using a transit for the state highway department, went to work for a major oil company. Three months later he was back asking for his old job. The new job had been fine, he said, "but I couldn't stand having those talent scouts from the aircraft industry and the chemical plants...
...city's first elevavated structure, the Forest Hills lines, was completed. Eight years later, the Cambridge-Boston tube replaced the hourse cars on Massachusetts Avenue, and much of the transit equipment has been in constant use since that time...
Adenauer warned that the federal government would consider any nation's recognition of the "socalled" East German Republic "an unfriendly act," and he urged his three Western allies to take steps against the violation of Allied transit rights under the agreement which ended the Berlin blockade...
...machinery, which are most susceptible to water damage. Insurers believe that they can economically cover only property which can be moved out of the flood's path. Thus, in the Northeast, the companies' heaviest payments will be for wrecked or damaged cars, boats, and goods in transit. The small percentage of homeowners who had all-risk personal-property floaters also can collect for damage to belongings...