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...maker of Chemical Mace, the liquid-tear-gas spray. Sales of law-enforcement equipment now account for about 9% of the Bangor Punta's $259 million annual sales and 30% of its $22 million pre-tax profits. The company broke into the market in 1965 by acquiring Smith & Wesson, whose revolvers are carried by 85% of the nation's policemen. At that time, recalls Bangor Punta President David Wallace, "we didn't foresee any social revolution." But Smith & Wesson's sales have since risen from less than $10 million to $16 million. Wallace is now capitalizing...

Author: /time Magazine | Title: Business: MAKING CRIME PAY | 1/3/1969 | See Source »

...Security group, William Gunn, Bangor Punta is rapidly becoming the Abercrombie & Fitch of law and order. Fully equipped by the company, a cop could use a Bangor Punta Dominator radarscope to spot a speeder or car thief, signal him to stop with a Dominator siren, pull out a Smith & Wesson .38 and pull on a Lake Erie gas mask, flush his quarry with Lake Erie tear gas, immobilize him with Mace, bring him to with a Stephenson resuscitator, check him for alcohol with a Breathalyzer, and slap on Smith & Wesson handcuffs...

Author: /time Magazine | Title: Business: MAKING CRIME PAY | 1/3/1969 | See Source »

...fact is that Sullivan pulls only 16.3% of the TV families earning more than $10.000 a year, while NBC's Dean Martin attracts 23.4% in that bracket. Not surprisingly, then, Zenith and Hertz buy time on Martin while, in the main, mass-consumption products such as Nabisco crackers, Wesson oil and Hunt's tomato paste are pushed on Sullivan...

Author: /time Magazine | Title: Ratings: Honor Without Profit | 12/8/1967 | See Source »

...William E. McKenna, 48, a smooth-talking senior vice president from Litton Industries with an accounting background and a Harvard Business School degree. Simon makes no bones about the reason for the change: he wants to expand his empire of subsidiaries and affiliates, which already includes McCall Corp., Hunt-Wesson Foods, Inc., Knox Glass Inc., Canada Dry Corp. and Crucible Steel Corp. of America. Says he: "Fabian has been largely an operating chief and has been damned good at that. But Hunt is getting more acquisition-minded, so we need a man whose primary orientation is finance...

Author: /time Magazine | Title: Executives: Changes amid Rumors | 11/17/1967 | See Source »

...well-planned hour of bloodshed last week when Held decided to mount a one-man revolt against the world he feared and resented. After seeing his wife off to work and their children to school, Held, a proficient marksman, pocketed two pistols-a .45 automatic and a Smith & Wesson .38-and drove his station wagon to the mill. Parking carefully, he gripped a gun in each fist and stalked into the plant. Then he started shooting with a calculated frenzy that filled his fellow-worker victims with two and three bullets apiece, at least 30 shots in all. One bullet...

Author: /time Magazine | Title: Pennsylvania: The Revolt of Leo Held | 11/3/1967 | See Source »

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