Word: procters
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...death of Assistant Secretary Donald Quarles. McElroy, who spent much of his 27 months in office on far-ranging inspection tours, will make time to get just one more trip under his belt-to Alaska, Honolulu, the western Pacific and the Orient-before slipping back in late December to Procter & Gamble...
...amounted to was a shaky compromise between rival antiaircraft missiles, the Army's Nike-Hercules and the Air Force Bomarc. The solution satisfied hardly anyone, and the grumbles both from Capitol Hill and the Pentagon reflected an increasingly apparent fact: for Neil Hosler McElroy, sometime president of Procter & Gamble, one of the longest of all Washington honeymoons is ending...
...first U.S. ICBMs would be operational in July 1959, when in fact the target date was January 1960. Moreover, McElroy undermined his own Washington prestige by confirming rumors that he planned to leave his $25,000-a-year post in late 1959 or early 1960 and go back to Procter & Gamble, where he earned $285,000 a year, plus hefty fringe benefits...
Defense Secretary McElroy, 54, who has long yearned to float back to Procter & Gamble (his last salary there: $285,000) to pick up the Cheerful chairmanship and rescue his bobbing stock options, re-evaluated his stand in the light of Quarles's death, said: "I will certainly be here in December." In fact, he will probably stay on the job until around February 1960, help present the defense budget to Congress...
Defense Secretary Neil H. McElroy was planning to head back this fall to his Cincinnati home to pick up the valuable stock options that soapmaking Procter & Gamble is holding...