Word: zellerbach
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Dates: during 1960-1969
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...seafarer, Reed Oliver Hunt has fared remarkably well on land. As chairman and chief executive of San Francisco's Crown Zellerbach Corp., one of the world's largest manufacturers of paper products, Hunt, 62, presides over an empire that controls 2,730,000 acres of forest, operates 15 mills, keeps 26,000 people working. Through its subsidiary Zellerbach Paper Co., the company markets some 25,000 products. At its annual meeting last week Crown Zellerbach announced record first-quarter earnings of $11.7 million on sales of $187.5 million-which sent its stock to a 1967 high...
...Washington's Fidalgo Island, where three generations of the March family let their sheep out to graze on bucolic farm land, there are now Shell and Texaco refineries and there will soon be a $15 million Lone Star Cement plant. Near by, at sleepy Port Townsend, Crown Zellerbach has built a pulp mill...
...eight Western states. Its sales ($175 million in 1962) will rise above $200 million this year, despite intense competition, erratic prices and the overcapacity of the U.S. lumber industry. Last week, having completed negotiations, it was hoping for the Federal Trade Commission's approval to buy Crown Zellerbach's St. Helena Pulp & Paper Co. in Oregon. It is also looking for new properties in the South, has taken over operation of a Guatemala paper mill in its first move abroad. In a deliberate reach eastward, it recently bought a Chicago envelope company and opened a new container plant...
Died. James David Zellerbach, 71, chairman of Crown-Zellerbach Corp., world's second largest forest-products firm, U.S. Ambassador to Italy from 1956 to 1960, a slight, bespectacled Californian, who took over the family company in 1938, helped its sales grow to nearly $600 million, found time for civic enterprises (the San Francisco Symphony, Golden Gateway redevelopment plan), served ably in a dozen public posts and produced in his private vineyard a California wine that made French diplomats swallow respectfully; of a brain tumor; in San Francisco...
...salary up to $37,500 a year, about as much as the mayor and the school superintendent earn together, and nearly 20 times the pay of the men who fill the back chairs of his orchestra. In San Francisco, conductors come and go at the whim of J. D. Zellerbach and his fearful board, and in Los Angeles, a conductor who does not take tea with "Buffie" Chandler is likely to find himself conducting in Weehawken...