Word: cranes
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...increasing sales from $218 million in 1916 to more than $2 billion in 1957; following a series of strokes; in Bethlehem, Pa. Valedictorian and baseball captain at Lehigh University ('99), Grace turned down an offer to play professional baseball to join Bethlehem Steel as a $1.80-per-day crane operator, in 1956 was the nation's highest-paid executive, with $809,011 in salary and bonuses. Though bitterly attacked by union labor leaders for his own high pay and for his unflinching battles against the closed shop in the 19305, Grace at the same time pioneered employees...
Debate on the proposal took only a few minutes. After suspending the rules to place the Traffic Board recommendation first on the docket, Mayor Edward J. Crane '35 and the other members of the Council heard brief remarks by Whitlock and Chief of Police Andrew Brennan...
...field, the Army's familiar olive drab gives way to bright paint on all equipment used for demonstration. A bulldozer is a shocking pink; a grader is orange, a crane is red. Green rockets tell the students which piece of equipment to follow at each phase of the action. And the students do not watch from bleachers; they study from the windows of air-conditioned buses. Says Polich: "The one thing you learn in an outdoor bleacher is that rain and snow trickle through your clothing." These ideas may make training more expensive, and some oldtimers may complain that...
...Heart? When Evans moves into a faltering company, he ruthlessly shakes it up. When he took over Crane, he closed or sold 43 of its 130 branch outlets and fired four vice presidents. Six directors have quit the board. Crane executives who watched him in operation call him "crude and brutal." Pickets striking against Crane carried signs at the annual meeting reading MONEY MAD EVANS HAS NO HEART...
...under Evans' firm hand, Crane is doing better. While sales fell last year as Evans slashed unprofitable lines of products, earnings jumped to $6,517,746 (v. $2,167,345 in 1958). This year the trend continues; earnings for the first quarter were 67? per share (v. 38? for the same period last year). And although Evans must justify his expansionism to a federal court in the U.S., he has no antitrust worries in Europe. There he has already invested more than $5,000,000 so far this year in three plants for Crane. He expects to add others...