Word: work
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Dates: during 1960-1960
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...took over operation of the Pennsylvania and Reading railroads' commuter lines in the city by setting up a nonprofit corporation to run the lines. The city will control the corporation with eleven directors, give two directors to the railroads, two more to 23 labor unions whose members work on the roads. The corporation will set all schedules, collect all revenues, pay the roads for the use of their facilities at a guaranteed rate of $1,400,000 for the first year. It will get a $500,000 subsidy from the city this year, more in succeeding years, during which...
...Berkshire Hotel (where he spends Monday and Tuesday) and a $200,000 red-brick home in Greensboro (where he spends Wednesday, Thursday and Friday). Commuting among them, Love travels some 2,300 miles a week by plane and train, dictating memos and reading reports all the way. He usually works seven days a week and well into the night, breaking off for a frequent tennis match or bridge game. Spencer Love figures that work is fun, and the brightest textile era looms ahead. One sign: the "casual living" trend-which means brief shorts, old blue jeans and no stockings...
...Other members: Hawaiian Dredging & Construction Co. Ltd. and J. H. Pomeroy & Co. Inc., a San Francisco engineering firm. Both Hawaiian Dredging and Pomeroy, which have done construction work for the sugar planters for years, are old hands at development projects; Hawaiian currently is in a three-company U.S. combine deepening the Suez Canal...
...John H. Peace, 37, moved up from first vice president to president of Manhattan's William Esty Co., 17th largest U.S. advertising agency (1959 billings: an estimated $75 million), succeeding James J. Houlahan, 52, who became chairman and will remain chief executive officer. Peace went to work for Esty in 1941 after a brief stint at Fordham, has been there since except for Army service during World War II. He was moved up to the presidency while still young because Chairman Houlahan feels that "the peak years of creativity for a president are between the late...
Lifetime Critic. Hungarian-born Frank Freimann has been a critic most of his life. Brought to the U.S. by his mother, he went to work for an Indiana radio-phonograph company after leaving technical high school. He criticized the company's sets so much-and proved that he was right-that at 19 he was made chief engineer. After a series of other jobs and two trips around the world as a ship's radio operator, he founded his own company in Chicago to manufacture custom sound systems. In 1932 he sold 30% of his stock to supplier...