Word: yaleman
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...Yaleman Adams. 56. onetime vice president of U.S. Steel, took over as president of Pittsburgh Steel four years ago, when the steel industry was just coming out of a slight slump. Pittsburgh's earnings had been spotty. When demand was high, Pittsburgh could sell all the semifinished steel (mostly ingots) it produced; other companies needed it for fabricating. But when the industry was running at 70% of capacity, Pittsburgh dropped to about 50%, near the break-even point; other steelmakers had enough of their own steel for fabricating needs. Adams' solution was to "get into the finishing business...
...Yaleman Stevens was a second lieutenant (field artillery) in World War I, a colonel (quartermaster corps) in World War II. Two of his sons were in the Navy. Stevens' third son, William, is now an Army corporal in Europe. In his family textile business, J. P. Stevens & Co., Bob Stevens made a reputation as a highly intelligent and progressive businessman. During the 24 years he was president and board chairman, he made the company one of the nation's largest textile manufacturers...
Wine & White Rock. Though he is a banker by trade. Yaleman Bierwirth, 58, has amazed the liquor industry by his daring. A first lieutenant in World War I, he spent ten years with a contracting firm before joining the New York Trust Co. as a vice president in 1929. He was made president in 1941. Four years ago, when National Distillers' longtime boss, Seton Porter, was looking around for a successor, Bierwirth took the $150,000 job on one condition: that National would go heavily into chemicals, which he considered the most promising field in industry...
...higher pensions (to $66 a month), more severance pay and the right to smoke on the job. North American offered a few new fringe benefits (additional group insurance, a 2?-an-hour cost-of-living allowance) and a pay boost averaging 8? an hour. Paul Schrade, 28-year-old Yaleman and president of U.A.W. Local 887, Los Angeles, said that "the company refuses to negotiate." Answered North American's white-thatched Chairman J. H. ("Dutch") Kindelberger: "[Union] demands . . . will add more than $95 million a year to the company's operating cost ... at a time when the nation...
...when Yaleman Edward S. Harkness offered ten million to build the Houses, Lowell accepted, without so much as consulting the faculty. The faculty, and even the students, were against the plan. But Lowell, like so many other presidents before him, had the support if his Corporation. Dunster and Lowell, first of the seven houses, were completed in the fall...