Word: luce
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Dates: during 1960-1969
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...publisher, who bears a name well known to every TIME reader. The signature on this page next week will be that of the son of TIME'S cofounder and himself a working journalist and business executive for 20 of his 44 years. Born in New York City, Hank Luce took his B.A. at Yale in 1948, following three years in the Navy, in which he served aboard a destroyer escort in the Pacific. After becoming a reporter for the Cleveland Press, he joined TIME'S Washington bureau in 1951 as a correspondent, and two years later transferred...
After almost three years of writing, Hank Luce moved on to a wide variety of jobs. He played a major role in planning and supervising the construction of the new Time & Life Building, served as circulation director of FORTUNE, director of corporate research and development, London bureau chief for TIME and, since April 1968, publisher of FORTUNE. With it all, says Luce, "I've spent more years at TIME than in any other part of the company. It is, of course, the origin of the company, the first magazine, the great flagship of the group. It is very exciting...
...more agonizingly aware of this than Charles Franklin Luce, chairman of New York City's Consolidated Edison, the world's biggest electric utility. Before coming to Con Ed. Luce dealt with environmental problems as Under Secretary of the Interior. An ardent outdoorsman, he now finds himself cast as a villain by New Yorkers, who have long regarded Con Edison as a blatant polluter. Last week they were incensed over Con Ed's request for a 14% rate increase, its second in three years. Con Ed is in financial trouble, much of it aggravated by a longstanding inefficiency...
...plunged the Northeast into stygian blackness. Last month disaster loomed again when the million-kilowatt generator at Con Ed's Ravenswood plant short-circuited. Since two smaller generators were temporarily out of order, New York suffered a "brownout" that dimmed lights and made air conditioners wheeze. Last week Luce sighed with relief when "Big Allis" (named for the Allis-Chalmers generator) came back on the line. But relief can only be temporary for Con Ed. It must currently generate 7,350,000 kw. at peak load, and 10.9 million within a decade. Even when it buys power from other...
...Financed by a $225,000 grant from the Henry Luce Foundation...