Word: generality
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Dates: during 1970-1970
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...Matter of Loyalty. Why did Crown, whose personal wealth is estimated at more than $400 million, want to re-enter the scene at General Dynamics? Last year profits tumbled from a 1966 peak of $54 million to $2,530,000, only one-tenth of 1% of the company's $2.5 billion sales. G.D. has been plagued by losses in its shipyard division, a microfilm products subsidiary, and the controversial F-111 fighter-bomber...
Crown wanted General Dynamics partly out of pride and tenacity and partly as a matter of long loyalty to associates. The son of a Lithuanian immigrant, he started Chicago's Material Service Corp. in 1919 on a borrowed $10,000. By the time he sold the firm to General Dynamics in 1959-and became a key figure on the board-he had built M.S.C. into one of the world's largest sand and gravel companies. After Crown quit General Dynamics in 1966, many of Material Service's top executives departed in frustration at the way the company...
There is a strong element of luck in the turnaround. The strike that has shut down General Motors undoubtedly has helped Chrysler's fourth-quarter sales, and it will also prevent G.M.'s Vega from getting the long sales head start on the Colt and Cricket that once looked likely. The biggest reason for the improvement, however, is the aggressive direction that Chrysler is getting from the new management of President Riccardo, 46, and Group Vice President Eugene A. Cafiero, 44, who is in charge of auto operations. They took over in January, when former President Virgil Boyd...
...poverty followed the decline. It was not until the '50s that he was rediscovered and merchandised in Ford commercials and films like Beach Blanket Bingo. Such travesties are happily omitted from the Rohauer restoration. Instead, there are the fabulous originals, now preserved on celluloid stock -works like The General, a Civil War comedy which could have been photographed by Mathew Brady, and the complex and hilarious Navigator, deservedly Keaton's biggest moneymaker...
...cult is pseudo-religious, even monastic: it is consecrated to a dead or distant deity like Che Guevara or Mao Tse-tung; its communicants gather in intimate, almost confessional cells: and they observe a ritual secrecy that eventually cuts them off from society altogether. Their ideologies differ, but in general their rationale is that "the system" is incapable of real change and that the official violence of the government (police, prisons, armies) can only be countered by violence. The aim is ultimately to destroy what cannot be reformed. Thus, in essence, they subscribe to the dictum of the 19th century...