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...lure Burns away from Booz, Allen, RCA gave him a ten-year contract providing for a $150,000 salary, with in creases to $200,000 over the next five years (plus an option on RCA stock). But it was not money that drew Burns to RCA. Says he: "I am attracted by the challenge." At RCA, new President Burns will find no shortage of challenges...
...regulations, slated to take effect on April 1, reduce the ready reserve requirements for draftees to two years, and offer them the option of serving six months active duty, instead of the mandatory two years...
...economic integration in three years (economically, the Saarlanders profited more under the French welfare state, with its family subsidies and widows' pensions, than they will as Germans). To France goes the right to mine 90 million tons of its coal for the next 25 years and an option to buy one-third of its coal production forever after...
...Thing Lacking. CBS thought well enough of the prospects to buy 25% of UPA's stock for about $1,000,000 and to order a 26-show series for the current season. The network also has an option to keep the series going for seven years beyond that. In future weeks Gerald will preside over the same lively blend of the whimsical and the wacky. There will be cartoons on such artists and inventors as Henri Rousseau, Robert Fulton and Samuel F.B. Morse: the adventures of Dusty, a circus boy; comic versions of famous historic moments (Nero Fiddles...
...Fairbanks, Morse's 1,372,125 outstanding, slightly more than the company's founding family, which still runs the company. The Morses are further weakened by a bitter family feud. Former President Charles H. Morse Sr. sold 15,000 shares to Silberstein, has given him an option to buy 27,220 more shares at the market price. Last week Morse's son, Charles Jr., resigned as the company's chief salesman to rail companies from Chicago to the West Coast, blaming his exit on "the substantial curtailment of our research and development program, particularly in diesel...