INDUSTRY: Those O'Neils

Under crusty old (74) William Francis O'Neil, Akron's General Tire & Rubber Co. is probably the fastest-growing, most diversified company in the rubber industry. Last year General Tire and its 46 subsidiaries and affiliates grossed more than $730 million (net: $26 million), turned out such diverse products as tires, rocket engines, tennis balls, plastics, steel, wrought iron, movies and girdles. The reason for so many far-flung enterprises, explains O'Neil blithely, is that "I wanted enough diversification so that my sons wouldn't have to scrap with each other." Last week Board Chairman O'Neil shuffled General Tire's management, laid out new...

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!