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...discovery was something of a coup for Fieser. His research team at Harvard beat chemists from Du Pont and Standard Oil in a Government competition to develop napalm. In the course of his research, Fieser found a perfectly good civilian use for the product: it made a fine crabgrass killer, burning away its seeds while leaving good grass roots untouched. During and after World War II, he received several letters of thanks for his invention, which soldiers claimed saves thousands of American lives in battle. No one ever complained to him about the use of napalm until Viet...
Brel McCoy's own connection with Du Pont began when he worked for the company during summer vacations from college. After graduating from the University of Virginia (Phi Beta Kappa) and the Massachusetts Institute of Technology (master's degree in chemical engineering), he hired on full time in 1932 as a lowly cellophane-machine operator before advancing into such jobs as chemist, industrial engineer and purchasing agent. He rose through a succession of middle-management jobs, in 1960 became chief of Du Pont's explosives division. The following year he was named vice president and a member...
...automatically makes him chairman of that committee, McCoy will continue to have but one vote-the same as the other eight members. Also retaining a voice in company policy will be Copeland, who succeeds Crawford H. Greenewalt, 65, as board chairman; Greenewalt stays on as chairman of Du Pont's finance committee. Together, the three men will bear much of the responsibility for lifting Du Pont out of its recent malaise...
...expected to be off by at least 3% this year. Earnings could be down by as much as 24% from last year's $389 million. A main source of that slump is lagging profits in the synthetic-fiber business. Accounting for about one-third of Du Pont sales, synthetics have been hurt by a slowdown in the textile industry caused largely by rising imports and falling prices. While Du Pont continues to base hopes for recovery on its huge research budget ($110 million a year), McCoy realistically admits that "the more discoveries we make, the more rapidly our competitors...
...Brother-in-law of Artist Andrew Wyeth, whose own brother Nathaniel happens to be a Du Pont engineer...