Word: shrewd
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Personality & Point of View: A quiet, practical, genial Irish Catholic with deep-set blue eyes, a massive, laugh-crinkled face, huge shoulders and bristling hair. A Republican, he has never been active in politics. An expert in getting opposing forces together, he is considered shrewd by management and fair by labor. Bloomingdale employees honored him by waiving a no-executive rule to permit him to join their deep-sea fishing club. Never a labor-union member, he has never stated his views on the Taft-Hartley law in public. He once told an employer organization: "Unions can become our partners...
Last week a member of the Aero Union broke the prudent silence, suggested that the industry get back to work. Said shrewd, ambitious Ernst Heinkel, once a top bomber-builder: "Germany is too far behind and too poor to attempt developing its own aircraft. But Germany could well play her part in the Western defense program" by making parts (e.g., optical instruments) for Western aircraft...
Pumps & Hunches. C.F. & I. owes much of its phenomenal growth not to an oldtime steelman but to Wall Streeter Charles Allen Jr., 50-year-old head of the Manhattan investment firm, Allen & Co. (TIME, Aug. 2, 1948). A shrewd operator who credits his success to playing hunches backed by common sense, Charlie Allen set up his own brokerage house when he was 19, went broke and lost $1,000,000 in the 1929 crash, made a fast comeback buying blocks of stock at bargain prices. Currently, he controls 13 companies, worth some $450 million, including Arma Corp. (electronics, navigational equipment...
...Hollywood's top tough-guy star. Though he looks and sounds far more Broadway than Deep South, he is thoroughly persuasive as a fast-talking politico equally able to bamboozle a backwoods crowd or to make a deal with big-city gangsters. Good shot: Cagney's shrewd mixture of friendliness and contempt as he joshes his neighbors into turning a broken-down house into a honeymoon cottage for himself and his bride...
...right hand, counseling speed and firmness, was Iran's ablest and most respected statesman, Court Minister Hussein Ala. Onetime Premier, Foreign Minister, Ambassador to the U.S. and the U.N., shrewd, 69-year-old Ala was ousted from the court post last April by Mossadegh, resumed his old job after the Shah returned from his brief exile. One result: today, the old, meddling palace camarilla which made and unmade Premiers in backstairs intrigues is gone. Its leaders-Princess Ashraf and the Queen Mother-have not returned to Iran...