Word: odium
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...Atlas Corporation's Floyd Odium considered buying back control...
When Floyd B. Odium's Atlas Corp. bought control of Consolidated Vultee Aircraft in 1947, it looked as if Speculator Odium had made a mistake. That year Convair lost $32.4 million on its C-24O twin-engine airliner, proceeded to drop about $11 million more on it in 1948. But even before the Korean war began, Convair's B-36 bomber had become the Air Force's intercontinental bomber and Convair began to make money. From war orders, Convair made $3,700,000 in 1949, more than $10 million...
...dipped to $7,700,000. But last week Odium told stockholders that Convair was gaining altitude again. In 1952 Convair had earned $10.4 million, its best net profit since World War II and about 35% more than in 1951. It was turning out Convair-340 airliners and finishing off orders for B-36s, which are being replaced by Boeing B-52s. Soon Convair will begin making F-102 delta-wing supersonic interceptors...
...Congress proposed to give offshore oil deposits to the states off whose coasts they lie. Last week's order meant that, to carry out their intention of giving ownership of offshore reserves to the states, Ike and the Republican-dominated 83rd Congress would have to accept the political odium of taking oil away from the Navy...
...hands. They got some encouragement. Matthew Fox, who made a fortune in movies before he got into such varied fields as toys (Bub-O-Loon) and international trade (TIME, July 19, 1948), was trying to make a deal. At week's end, Atlas Corp.'s President Floyd Odium, who sold RKO to Howard Hughes in the first place, also got into the act. He said he was looking into RKO to see whether he might buy the company back again...