Word: inc
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Dates: during 1960-1960
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...alltime state high, ran into trouble last year with the normally cooperative legislature when he tried to install pay-as-you-go income taxes. G.O.P. opponents made much of the tax fight and chided Freeman's poor judgment in sending state militia to close a strikebound Wilson & Co. Inc. meat-packing plant, an action reversed in federal court. Upshot: Freeman lost by 23,000 votes to Republican Newcomer Elmer Andersen, while Friend Hubert Humphrey was winning a third Senate term and Jack Kennedy was carrying the state...
...being used: the conversion of old hotels. Oldsters like them because they are conveniently near bustling business districts. Two old hotel chains-the MacArthur with 15 hotels, and the Weaver with 21-have united to form a chain throughout the South and the Midwest, called Senior Citizens Hotels Inc. They are converting several floors of each hotel for retirement living. There is a recreation room and kitchen, ramps instead of stairways where possible. Rents range from $35 a month for a room without meals to $125 for a bath and three meals, supervised by a dietitian to make certain that...
Reading his newspaper one morning recently, Lawrence A. Harvey, 48, chairman of the West Coast's Harvey Aluminum Inc. noticed a story that a competitor was about to make a big sale of aluminum to a new customer. With only 2% of U.S. aluminum output, Lawrence Harvey has to scramble fast to compete against the giants. He grabbed his telephone, learned the contract had indeed been agreed upon, but was not yet signed. He summoned a family conference in the company's executive suite: Father Leo M. Harvey, 75, company president; Uncle Herbert Harvey, 65, engineering vice president...
Tapped Off. To help solve its water problem, the Air Force has signed up Ionics, Inc., a twelve-year-old Cambridge, Mass, company staffed largely by professorial veterans of M.I.T. and Harvard. Less than two years ago, Ionics unveiled the nation's first municipal water-desalting plant at Coalinga, Calif.; since last June, Ionics has been transforming 250,000 gallons a day of unpotable water into good water for the town of Oxnard. Calif, at a cost of 20? per thousand gallons-half the amount that most U.S. cities pay for their water. About 50 more company plants...
...some chemistry professors earn the same fee per day advising drug companies. At the Harvard Business School, two-thirds of the 108-man faculty do sideline consulting, and 28 are officers and directors of corporations. Professor Paul W. Cherington is chairman of his own science-management firm, United Research Inc. Professor Malcolm McNair reportedly earns more than $40,000 a year advising retailers. Just for advising Incorporated Investors Inc. one day a week, the late economist Sumner H. Slichter used to get $10,000 a year, and Incorporated Investors was only one of his clients...