Word: westvaco
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Confrontation between activists and businesses isn't inevitable. Indeed, in the past few years, companies from Shell to papermaker Westvaco have found common ground with environmental groups. In the wake of the riots in Genoa, I asked some smart observers of the scene how to make those relationships work. Their advice...
...federal income taxes. Speaking in New Castle, Pa., Muskie named "eight giant corporations" that "paid no federal income taxes in one of the last two years." They were: Aluminum Co. of America, Allied Chemical, Bethlehem Steel, National Steel, Republic Steel, Standard Oil of Ohio, U.S. Steel and Westvaco Corp. Officers of the firms disputed Muskie's charges, and it was hard to tell who was right. Under current tax-reporting requirements, outsiders-even presidential candidates-simply cannot find out how much a corporation actually pays in federal income taxes during a given year...
...Machinery Corp.* on a course of pell-mell expansion, which he is fond of calling "aggressive diversification.'' One after another. Davies added new lines of farm machinery, food processing and packaging equipment and agricultural chemicals. In 1948, branching out still farther, he acquired New York's Westvaco Chemical Corp.. which with other acquisitions has since grown into an industrial chemicals business that last year accounted for $120 million of FMC's sales...
...Arcy Advertising Co., 16th biggest U.S. ad company. ¶ Marlin G. Geiger, 56, was elected president of the Davison Chemical Corp. to succeed R. L. Hockley, who resigned to become vice president of Mathieson Chemical Corp. Educated as a chemical engineer, Geiger was a vice president of Westvaco Chemical Corp. and United Chemicals, Inc., and president of W. Va. Charcoal Co. before joining Davison as executive vice president...
Personal History. The only atypical thing about George Gallowhur's story is that he was born well-heeled: his mother's family founded prosperous Westvaco Chlorine Products Corp., also owned Warner Bros. Co. (corsets). His father came of an old Icelandic family that settled in Pennsylvania, originally had a strange U.S. monopoly: Shetland ponies. Young George went to Hotchkiss, paused in Princeton, then went to work in Missouri for Associated Telephone & Telegraph Co. "going down into manholes and up telephone poles." Two years of the seamy side of phone business was enough. George went to the Tyrol...
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