Word: goodyear
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Dates: during 1950-1959
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...Goodyear...
...theme running through the 1958 fourth quarter and year-end reports. It was the salutary effect of a new drive for efficiency and productivity. A few years ago, declining sales usually meant a decline in profits. But now many a company can post smart profits even when sales dip. Goodyear Tire & Rubber was down 3.8% in sales for 1958, yet managed to hit record profits, up 2% to $6.08 per share. After a poor third quarter, Reynolds Metals did so well in the last quarter that it actually increased its full-year earnings slightly, to $3.25 per share. Du Pont...
...just call the Cleveland Trust Co. and ask whether my check for $20 million will be honored." Five years later, with Trumbull and other small companies as a base, he founded Republic Steel Corp. as the nation's third biggest producer. That year he also won control of Goodyear Tire & Rubber Co. Operating from his Cleveland-based Otis & Co., a securities firm, and a maze of holding companies, Eaton's deals were faster than the eye -or most financial experts-could follow. He helped topple Utilityman Samuel Insull by outfoxing him in a deal that cost Insull companies...
...names rise above factories everywhere : Goodyear, Westinghouse, Monsanto, Kelvinator, General Electric, Pennsalt, Singer Sewing Machine, Carnation Milk, Ralston Purina, Kellogg. Mexicans flock to Dairy Queen frozen-custard stands in Chevies, Plymouths and Fords labeled "Made in Mexico by Mexicans...
...biggest U.S. rubber company and the world's biggest tiremaker last week had one of the biggest management shifts in its 60-year history. Into the post of chairman of Akron's Goodyear Tire & Rubber Co. (1957 sales: $1.4 billion) stepped Edwin Joel Thomas, 59, president (since 1940), chief executive (since 1956 and longtime protege of Paul Weeks Litchfield, 83, who became honorary chairman of the board after 58 years with Goodyear. Up to president from executive vice president moved Russel De-Young, 49, the third president in a row to be tapped from the production ranks. Litchfield...