Word: vannevar
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Dates: during 1950-1959
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Weaning Process. Another firm that leans heavily on the universities is Raytheon, the major missilemaker (Sparrow, Hawk), which was co-founded by M.I.T. Scientist Vannevar Bush and is now bossed by Harvard-bred Banker Charles Francis Adams (TIME, June 23, 1958). Raytheon keeps 30 to 40 university consultants on tap for problems, pays them $75 to $100 a day. Some 128 consultants get up to $10,000 a year ("More than they earn by teaching," says one Raytheon executive...
...M.I.T. Public Relations Office said, however, that Killian was resigning to devote full time to his new post of Chairman of the Corporation. When Killian was elected to the position last December, former Chairman Vannevar Bush emphasibed the "urgent need of Dr. Killian to assume his new duties at the earliest possible date...
...Make Some Money." Raytheon was founded in 1922 by famed Massachusetts Institute of Technology Scientist Vannevar Bush and his onetime Tufts roommate, Laurence K. Marshall. It remained a midget until World War II, when its sales rocketed from $4,400,000 to $173 million. But the firm came so near to disaster in the postwar defense slump that its directors called in Yankee Banker Charles Francis Adams, of the famed Massachusetts Adamses, to put it back in shape. (Marshall resigned in 1948.) Adams found a storehouse of talented scientists. But they loved research more for its own sake than...
...result was vividly explained by Dr. Vannevar Bush, former chairman of the Pentagon Research and Development Board, in a recent appearance before the Senate Preparedness Investigating Subcommittee. Said Bush: "The services themselves, the three services, have prepared war plans, all different, each one of them the best they can produce. From there on, there has been no means by which those could be brought into a unitary plan. And since there has been no such means, the three plans have been advocated by the three services, and the discussion of them has been in the public press and some...
...general ideas. Vannevar Bush has been joined over the years by some of the nation's foremost military thinkers: onetime Army Chief of Staff (1945-48) Dwight D. Eisenhower, Army Generals Joseph Lawton Collins and George C. Marshall. Air Generals Henry H. ("Hap") Arnold and Carl ("Tooey") Spaatz, Joseph T. McNarney, former Defense Secretary Robert Lovett, former Air Force Secretary Thomas Finletter and Los Angeles Industrialist John McCone, who served as special assistant to Defense Secretary Forrestal in 1948 and as Air Force Under Secretary in 1950-51. Although they differ in detail, all have advocated what amounts...