Corporations: Running Ahead

For most of the nation's leading tiremakers, 1967 was a wobbly year. Lagging auto sales caused Detroit to cut back on tire orders; a United Rubber Workers' strike shut down several companies for more than two months. The major exception was Akron's Goodyear Tire & Rubber Co., which settled its strike in two weeks—and next month will announce record 1967 sales of about $2.6 billion (up from $2.5 billion in 1966) and profits of $128 million (up by nearly $10 million). This enabled Goodyear to further entrench itself in its 51-year-old position...