State of Business: Hail to the Chiefs

Every chief executive takes pleasure in delivering good news to his stockholders—and the opportunity has rarely been better. Last week, in the largest concentration of the year, more than 100 U.S. companies held their annual meetings. The reports were overwhelmingly bullish, and many corporate chiefs echoed the forecast of Du Pont Chairman Lammot du Pont Copeland: "Our sales for 1964 will reach a record."

"Strong Markets." In Washington, another chief executive watched all this and happily brought forth some statistics of his own. Looking like a prosperous chairman of the board, Lyndon...

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