Word: townsend
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Dates: during 1960-1969
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...Poor Inheritance. Chrysler's road to success was paved with gradually improving styling and quality in the company's 1962, '63 and '64 models. This year, for the first time since he was appointed in 1961, Chrysler President Lynn Townsend has a car that he can call completely his own; he has finally been able to rid the entire Chrysler line of the last traces of the garish fins and ornamentation that he inherited from L. L. ("Tex") Colbert. Chrysler's cars are also being pushed by a revitalized dealer organization, which increased from...
...Chrysler's most profitable year; it had earnings of $213.8 million on record sales of almost $4.3 billion. The year was also profitable for Chrysler's directors and officers, who were awarded a total of $2,110,254 in salaries and $3,780,000 in bonuses. Townsend himself set a personal record, improving his 1963 salary and bonus of $423,567 to $555,900 last year...
...brought problems too. Although Chrysler last year paid only $1 a share in dividends on its earnings of $5.46 a share-plowing the balance back into new plants and equipment-the cost of expansion and new model introduction reduced its net working capital from $557 million to $385 million. Townsend has instituted a new company-wide cost-cutting program, but he realizes that economy alone will not suffice. In April Chrysler will float a new stock issue of 5,611,000 shares that should bring in another $308 million to help pay the price of success...
...ever since they got third place in the NCAAs last year. This may be the Eli's last chance for some time to come; although they are gaining Don Schollander from their freshmen team, Yale's depth comes almost entirely from seniors like Clark, Roger Goettsche, Dale Keifer, Ed Townsend, and Dave Lyons...
Though Goettsche and Townsend give Yale strength in the backstroke and individual medley, the Bulldogs are basically a freestyle team. The Yalies are hoping that the final freestyle relay will be the deciding event. With Clark on the anchor leg, the Yalies, who are defending champions, can take anyone...