Word: wall
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Dates: during 1960-1969
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...hopping across the U.S. as never before. In the Midwest last week, a leading engine builder sadly watched his cherished production chief move on to a firm that makes recreational gear. Farther east, one of the nation's biggest manufacturing companies lost a top manager to a Wall Street brokerage house. Behind these and dozens of similar moves lay a major new force in the U.S. corporate life: the executive recruitment firm...
...Eager to break into discount selling, giant Montgomery Ward & Co. made a proposal to gregarious Sol William Cantor, 50, president of the 63-link Interstate Department Stores, whose annual sales rate has climbed from $90 million to $175 million since it entered discounting in 1959. With Wall Street's Lehman Bros, playing marriage broker. Ward's intends to pick up Interstate in a $50 million stock swap. The deal makes eminent sense to Manhattan's Cantor, who gives plenty of local autonomy to managers of Interstate's 42 standard department stores, but holds "a tight rein...
While many businessmen groan about "profitless prosperity," one manufacturer of everything from manure spreaders to nose cones has reversed the trend: profits are rising despite slipping sales at New York's Avco Corp. Last week Chairman Kendrick R. Wilson, 48, a onetime Wall Streeter told a luncheon of securities analysts that Avco's earnings for the first nine months of its fiscal year jumped 20% to $8,800,000, though sales slumped 3% to $234 million. As soon as Wilson sat down, his good friend, President James R. Kerr, 44, got up and explained how Avco turned...
...with a man one year younger than myself whose decisions may be the final ones of our century. He is the son of a very wealthy man, and therefore the perfect caricature for the Communist propagandists who like to equate all our deeds with the mischievous plots of 'Wall Street imperialists.' If that doctrinaire rubbish is what Mr. Khrushchev believes, he is mad and we are all doomed...
Other teams' rebuilding problems have not been so easy. Kirkland, though retaining most of last fall's backfield, lost half its line and is now working with a forward wall averaging only about 170 lbs. a man. The sole sizable lineman is guard Bruce Kruger, well over 200 lbs. The back to watch with Kirkland is Lee Raitz, tailback in the Deacons' single-wing attack. This formation is no surprise, since Kirkland coach Tom Morris played out of it for two years as an all-Ivy tailback at Princeton in the days after Dick Kazmaier...