Aviation: Mr. Mac & Messrs. Douglas

Chairman James S. McDonnell, 67, of St. Louis' McDonnell Co., builds some of the world's best airplanes, and has become even better known by making NASA's Mercury and Gemini space capsules. He is also a shrewd and determined bargainer, and he has long had his eye on the Douglas Aircraft Co. He tried a takeover in 1963, only to be rebuffed by Donald Douglas Sr., now 74, an old friend who helped McDonnell get started 28 years ago with orders for DC-3 parts. Last year McDonnell began buying Douglas stock again, and last week he was flying as high...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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