Word: offing
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Dates: during 1960-1960
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* President Robert Morse went to Canada to salvage all that was left of the family holdings, the Canadian Fairbanks-Morse Co., Ltd., has turned it into a thriving, diversified manufacturing outfit and has asked to become a Canadian citizen.
The young company's biggest problem was assuring a steady flow of raw aluminum for its fabricating plant. In 1955 that problem was solved when the Government, which wanted to increase aluminum capacity outside the Big Three, guaranteed a $40 million bank loan to Harvey. To assure Harvey a...
The Small Asset. Like other aluminum companies, Harvey prods manufacturers into finding new uses for aluminum. When a truck manufacturer scoffed at the idea of aluminum truck beds, Harvey helped build some to prove the point. Today 85% of all truck beds and semitrailers are aluminum, v. the 85% once...
¶Thomas G. Lanphier Jr., 45, onetime vice president of General Dynamics' Convair Division, was named president of Fairbanks, Morse & Co., a subsidiary of the Fairbanks Whitney Corp. A World War II fighter pilot (his bag: 15 Japanese aircraft, including one bearing Admiral Isoroku Yamamoto), Lanphier joined Convair in...
¶Henry Ford II, 43, chairman and chief executive officer of the Ford Motor Co., reassumed the post of president vacated by Robert S. McNamara, who resigned to become Defense Secretary (see NATIONAL AFFAIRS). Ford is filling the post only temporarily, touching off a guessing game as to who will...