Word: three
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Dates: during 1950-1959
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...Three Classes. Drug firms, said Connor, fall into three classes: 1) "creators"; 2) "molecule manipulators" who change basic drugs around but seldom score "home runs"; and 3) "coattail riders." who do no research, wait for a market to develop, then jump...
...competitor, then licensed so many other manufacturers that last year it had but 17% of the cortisone group market. Not for seven years did Merck recover its $21.8 million investment. Present to support Connor was Dr. E. C. Kendall, formerly at the Mayo Foundation, now at Princeton, one of three researchers who won Nobel Prizes for cortisone. Said Scientist Kendall: "Cortisone could still be just a laboratory curiosity if those who directed Merck & Co. had not had the foresight and courage to persist in trying to make it after everyone else had abandoned the attempt...
CHANCE VOUGHT AIRCRAFT, hard hit by defense cutbacks, will become a major maker of mobile housing units. It bought two house-trailer manufacturers, General Coach Works, ABC Coach Co., and will add a third, Mid-States Corp. Three firms' combined 1959 sales: $60 million...
...Goal: More Growth. The Bakalar brothers run their three plants, which employ 4,300 workers, with an informal touch. In their rambling Wakefield, Mass, headquarters, which was once an underwear mill, the Bakalars share a secretary, avoid written memos, and do most of their business in corridor conferences with staff members. Decisions by Leo, 46, who serves as treasurer and chairman, and David, 34, who is president, have equal power. To justify the price of Transitron's stock (now selling at a steep 45 times projected 1960 earnings) the company is expected to diversify, use the 2.1 million shares...
...appointed executive vice president in 1955. ¶Russell C. Taylor, 55, was named president of ACF Industries, Inc., railroad-car maker, succeeding James F. Clark, 56, who becomes chairman of the executive committee. Along with ACF Chairman William T. Taylor (no kin), Russell Taylor and Clark will form a three-man top-management team on which all will share responsibility in setting company policy. Taylor is leaving the American Can Co., where he was an executive-department vice president and director, to join...