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Freedom & Discipline. Father DuBay is the angry young curate who gained a measure of national notoriety in 1964 by publicly demanding that the Pope remove Los Angeles' James Francis Cardinal McIntyre from office, charging McIntyre with failure to support civil rights for Negroes. After that, Du Bay fetched up as chaplain to St. John's Hospital in Santa Monica, a job that gave him plenty of time to brood about the inequities of the priestly life. His ten-point program of grievances that need to be corrected includes an end to arbitrary transfers, a tenure policy that would...
...also tying his suppliers together as United Motors Corp., bought Hyatt for $13.5 million as part of United. Durant had taken such a fancy to Sloan that he hired him to become United's president. United was eventually merged into General Motors and Durant was ousted by the Du Pont family, already large G.M. stockholders. New President Pierre S. Du Pont asked Sloan to stay as operations vice president; he had undoubtedly been influenced by Du Pont Director John J. Raskob. "There," said Raskob about Sloan, "is a man who should be President of the United States. He never...
When Pierre Du Pont retired from G.M.'s presidency, Sloan was his natural successor. He took over a sprawling infant that made five nonintegrated car lines, ran such supply companies as Fisher Body and United Motors with little thought of inventory control, cached its cash wherever division man agers wanted to keep it. Sloan set up a seemingly contradictory system: a committee management in which operations were decentralized, finances and policy centralized. Above it all was "Mr. Sloan," as he was always called...
...Du Font's sales rose 9% to $2.99 billion, while earnings of $407 million were 20.5% higher and the best in the company's 163-year history...
...Italian government has amended taxes that discourage business mergers. In France, the Commissariat du Plan is setting up an interministerial committee to act as a sort of marriage bureau for companies that wish to get together. The British government announced last week that one task of the new Industrial Reorganization Corp. will be to sponsor "desirable regroupings." Spain's economic Development Plan calls for the "concentration of productive units." Common Market Commission President Walter Hallstein insists: "We must let more mergers go through...