CORPORATIONS: Opening the Door

For months, Monsanto Chemical Co. has been knocking on the door of the Atomic Energy Commission, trying to get it to open its program to private enterprise. Last week AEC let Monsanto in. It gave Monsanto the job of determining whether private industry can build and operate a plant to use atomic energy to generate electric power, the first such contract AEC has handed out.

Monsanto thought that if anyone could do the job, it could be done by Executive Vice President Charles Allen Thomas, 51. A brilliant scientist (D.Sc., M.I.T. '33), Thomas had helped develop no-knock ethyl gasoline, was...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!