Word: sharpest
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...sharpest corporate skirmishes in memory swirled around Milwaukee last week, as Allis-Chalmers Manufacturing Co. found itself under heavy assault. The battle was joined by James Joseph Ling, 44, chairman of Dallas-based Ling-Temco-Vought, who during a nine-day fight for control of the company had eventually made a tender offer valued at $560 million-one of the biggest ever. But by week's end, staid Allis-Chalmers, which is the area's biggest employer, had delivered L-T-V its first defeat-however temporary-in Ling's long takeover history...
...little man make his presence felt-and last week came one of those occasions. Upset by the Middle East war crisis and given a Memorial Day holiday to worry about investments, tens of thousands of small shareholders sold off so heavily that the Big Board registered its sharpest single-day drop since last October...
...reported first-quarter results last week so that patterns became clear. Surveying 514 companies, the New York Times found their combined profits off 7.3%, compared to last year. A similar survey by the Wall Street Journal of 468 companies showed after-tax earnings down 9% for the quarter. The sharpest drops were in autos, steel, rails, textiles, aircraft and building materials. Moderate gains were registered in office equipment, petroleum, tobacco, publishing and utilities. Here, too, the news was two-tone, and the future looked significantly better than the past. The Commerce Department reported that of the 18 leading indicators available...
...engineer, the man who actually designed the Mustang, succeeded his boss two years ago as Ford division general manager. Last week Frey, 44, moved even higher. He was promoted to the brand-new post of corporate vice president of North American vehicle product development. Frey is Detroit's sharpest idea man. Besides the Mustang, he is responsible for such innovations as the four-door Thunderbird, the stereo dashboard tape deck, and the station-wagon door that opens out as well as down. He is one of the few auto executives with experience in all three of the industry...
...University. And, in general, he has sought means for giving students a more effective voice in policy-making. Recently, he organized a day-long meeting between students and a visiting committee of the Board of Overseers to discuss that problem--including in the undergraduate group, typically, some of his sharpest critics from Students for a Democratic Society...