Business: Personal File: Oct. 13, 1961

∙Among the many skills that Chairman George Maverick Bunker, 53, brought to Martin Co. nine years ago, none was more valuable than his ability to read the times. He saw no future in planemaking, remade Martin into the first aerospace-age missile and electronics company, turned losses into profits. Next his teacup told him that changeable cold-war winds made even Martin's position as the largest missilemaker precarious. So he set out to diversify, this week in one king-sized jump moved Martin into chemicals, cement, paints, furniture polish, powdered metals and adhesives. His method: merging with Chicago's highly diversified American-Marietta Co. (1960 sales:...

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!