Word: w
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Dates: during 1960-1969
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...sons, Richard B. and, most conspicuously, Andrew W., who really built the Mellon fortune (which by conservative estimate now totals at least $3 billion and perhaps a good deal more). "Andrew Mellon was possibly the most brilliant businessman whom our society has produced," wrote FORTUNE'S Charles J. V. Murphy recently. "He was a banker who understood corporations and an investor who understood men." The two brothers were so close that they ran a joint bank account for as long as they were both alive. The brothers' philosophy: Bet on a man with an idea, taking a share...
...from Bombay. Despite their pervasive presence in U.S. business, the family so shunned the limelight that President-elect Warren G. Harding had to ask, "Who is Mellon?" when Andrew W. was recommended to him for the job of Secretary of the Treasury. "Uncle Andy" served from 1921 to 1932, but he will probably be better remembered as the collector who gave the nation a $50 million art collection and a building (now the National Gallery of Art) to house...
Died. Captain W. E. Johns, 75, the portly English author who created Biggies, a World War I flying ace whose daredevil exploits and incorruptible character thrilled a worldwide audience of 20 million readers; of pulmonary thrombosis; in Hampton Court, England. Writing of swirling aerial duels between Biggies' Sopwith Camel and les boches was second nature to Johns, since he had tangled with them himself during the war, was shot down, captured and twice escaped. That stiff-upper-lip quality endured-as one government official learned during a recent inquiry of the captain. Could Biggies be given a few socialist...
...assistant pastor of the New Bethel Church?or sister Carolyn, 23, who leads Aretha's accompanying vocal trio and writes songs for her. Another sister, Erma, 29, is a pop singer living in New York City. Sometimes, with her family, she opens up enough to put on her W. C. Fields voice or do her imitation of Bela Lugosi as Count Dracula ("Goodt eeeeeevnink, Mr. Renfieldt; I've been expectink you!"). But Cecil says: "For the last few years Aretha is simply not Aretha. You see flashes of her, and then she's back in her shell." Since...
Something Drastic. At the meeting, the company credibility gap was hardly improved when Chairman Melvin W. Alldredge insisted that the absent Jay had retired merely "because of personal reasons." With "such an aura of mystery," complained one disbelieving stockholder, "it must have been something fairly drastic." There were some rather drastic statistics to consider. During A. &P.'s first 1968 quarter, which closed just seven days before Jay exited, profits plummeted 21 % below the 1967 first quarter. Moreover, Alldredge conceded, there was no sign of "any significant change" ahead...