Word: plumley
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Many voices today insist that the businessman should turn the resources of his company toward solving social problems. H. Ladd Plumley, chairman of State Mutual Life Assurance Co. of America in Worcester, Mass., would add a qualifier: The public-spirited executive had better be prepared to face citizen suspicion and bureaucratic pettifoggery...
...Worcester Redevelopment Authority asked State Mutual, the nation's 27th largest life insurance company (assets: $1.2 billion), to help rebuild the city's blighted Laurel-Clayton section. Plumley decided to erect 430 units of low-and middle-income housing and invested $11.8 million of company loan and equity money in the project. He hired Architect Benjamin Thompson of Cambridge and told him to design a complex that would be "more than just another public-housing project...
Adequate Expense. Right away, State Mutual found itself immersed in controversy. Since it was determined to plan something new, the company could not announce just what it would build, so, Plumley recalls, "there was only an announcement that something would be destroyed." Blacks in the racially mixed area feared that the undescribed project would be limited to white tenants; whites feared that it would be limited to blacks. Community leaders began to charge that State Mutual was interested in profit rather than public service, since the company stood to make an 8.2% return on its investment. That cry was echoed...
...federal taxes have been largely responsible for the sluggishness of U.S. economic growth in recent years. Among last week's voices calling for prompt and hefty tax cuts to stimulate economic growth were Hubert H. Humphrey, one of the Senate's most conspicuous liberals, and H. Ladd Plumley, president of the U.S. Chamber of Commerce. Implicit in the consensus on taxes is a recognition by liberals that Government expenditures cannot create sustainable prosperity, that individual incentives perform indispensable economic functions. President Kennedy has made that recognition explicit. Present tax rates, he said recently, "are so high...
Across the U.S., there are businessmen prepared to argue that the much-prophesied "1963 recession'' is already over even before 1963 arrives. Speaking in Washington, U.S. Chamber of Commerce President H. Ladd Plumley said: "One could almost say that we did, indeed, have a recession and are on the way to recovery." In New York, G.E. Chairman Ralph Cordiner sounded much the same note: "There has been quite a significant change in the economy . . . There's more resiliency...