Word: ward
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Dates: during 1960-1969
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...company that Kansas-born Louis L. Ward took over in 1960 was pretty much of a hand-to-mouth business-a predicament even for a candymaker. It was doubly embarrassing because Russell Stover Candies, Inc., happened to be one of the U.S.'s biggest manufacturers, wholesalers and retailers of quality chocolates. As president and chairman, however, Ward, 46, has worked wonders. Profits have increased by over 500%, and last week Ward announced record six-month earnings of $3,600,000 on sales of $26.7 million...
...Ward intends to double those figures within five years. "We can do it," he says. "The market is there." And he would seem to be right; Americans, gobbling up some 3.5 billion lbs. a year (better than 18 Ibs. a person), have made candy a $1.5 billion-a-year industry. To tap that kind of volume profitably, Kansas City-based Russell Stover Candies had to overcome a history of financial fitfulness that began with the company's founder...
Same Old Ways. Lou Ward was a Kansas City carton manufacturer making Stover candy boxes when he recognized Stover's potential. He raised $7,500,000 to buy out the partners. Keeping control of 47½% of the stock himself. Ward got out of debt in three years, meanwhile consolidating Stover operations, increasing the sales force, and gradually raising prices until a standard 1-lb. box of assorted chocolates now costs $1.70 (v. $1.40 in 1960). Ward has quadrupled the number of Stover retail outlets to 348; the company also wholesales to 5,150 drug and department stores...
...seven years, the case bounced through nine appeals in state and federal courts. The strain was so great on Miller, who could only sit and wait on death row, that he was twice transferred to the psychiatric ward. Seven and a half hours before he was scheduled to be electrocuted in 1963, Miller won a stay for a federal habeas corpus hearing before Judge Perry, who heard testimony that raised troubling questions about the evidence in the 1956 trial...
...More recent galleries commemorate the multifaceted Arabic culture that flourished from the 10th to the 13th centuries after Christ. In between are writings older than the Bible,* the world's oldest statuary, and 25-ton winged bulls with plaited beards and human heads that were once used to ward off evil from palaces and temples near Nineveh...