Word: gifford
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Dates: during 1950-1959
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Upjohn's Dr. E. Gifford Upjohn conceded that the race of drug companies to keep up causes his firm, in line with others, to spend 28.6% of its budget on 1,000 salesmen (out of 5,700 employees), plus other promotional activity. Research costs: 9%. Despite the high overhead, the companies are immensely profitable. The Kefauver subcommittee presented tables showing that the drug companies averaged profits of 21.4% of their net worth, compared with 11% for all U.S. industry. Part of the answer, said the subcommittee, was the pricing policy...
...next man to make a big mark on A. T. & T. was President Walter S. Gifford, a financial wizard and career telephone man who came up from the bottom. Gifford steered the burgeoning company from 1925 to 1948 through boom, depression and World War II, laid the foundation for its explosive postwar growth. During Gifford's reign, the Bell System's operating revenues rocketed from $655 million to $2.2 billion, and its phones multiplied like little black Shmoos from 11.2 million to 28.5 million. Gifford guided A. T. & T. intact through a federal antitrust investigation during...
REVLON-SCHICK MERGER is close. Schick Boss Kenneth C. Gifford quit; he and members of Schick family sold controlling block of about 242,000 shares (market value: almost $4,000,000) to Revlon. Onto...
Another rule: no more than 72-lb. test line for anglers who weigh under 200 Ibs.; no more than null test line for the heavyweights. Gifford has nothing but explosive contempt for "muscleheads" who insist on fishing for saltwater monsters with "rope." He explains, between oaths: "Most fishermen aren't strong enough to handle 39-thread (130-lb. test line) and keep pressure on a fish. I've seen them taken off the boat dead or go back home and die of a heart attack. Secondly, rope doesn't give the fish a fair chance...
Potbellied Boat. When he was a five-year-old kid in Long Branch, N.J., Tom Gifford's father had to tie him up with sash cord to keep him from going fishing. "There wasn't a seafaring man in the family," he recalls, "and I collected blisters on my bottom because I wouldn't stay away from the water." After a stretch in the Navy during World War I, "Mom wanted me to be President and the old man wanted me to be an admiral. Me, I wanted to be a charter boatman. I bought a backyard...