The Wingfoot Clan - August 4, 1966 - Page 3
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.... - .......·-· , z <1,; .... I.042,'-•L.,· .042042·042.... - - ./1.- 1·415 -<&2:- ./ I ...... + 2./1 "ING= :•CIT<1••tr:SrA r• LAN 1'' I '4 I ' ..1 '1 t*» ., « Ii U Y,9'* TH" 0/' EAR TIRE & RUBBER COMPANY AKRON EDITION ..»7 *f 44 ** V 01. 5 Akron, Ohio (3.-ti•ip August 4, 1966 No.31 :<fi) -- S THIS THE CLUB? Pam- e Moore ponders as she Teys a big problem - how 'e:...v» . Sales & Earnings Again get this giant ball in the - . .... 4....'::, " Pamela is just one of I + 07:, empl()yes' children to : n a weekly Rolf ..r. - .... e the others and Top All Previous Records /./. 4 2 2 b problems, turn .. ,'. The highest sales and earnings in history Goodyear's record quarterly earnings of •lit . 1- $33,589,000 were equivalent to 93 cents a ..'-34 i: .4/. -- were achieved by Goodyear during the first + - 1 - .- .-1-&44-.00 . I i .-'.*6 9, ..G.-.-'1•.1.•=••'- .... 4**4 42.4.-. six months and the second quarter of 1966, share, based on 35,792,174 shares outstand- ing June 30, 1966. They were 17.4 per cent \ 1.A- Russell DeYoung, chairman and chief ex- ,/). 6-... ecutive officer, announcd. higher than the $28,606,000, or 80 cents a share, recorded in the second quarter of 1965. Spurred by gains in virtually all lines of 1 The previous record for quarterly earnings " .'*V- ........ activity worldwide, the company recorded 41 I. was $31,215,000, achieved in the last three • six-month sales of $1,220,472,000 and net aA months of 1965. RA \ . .- --' income of $59,925,000, equivalent to $1.67 a *r• •. *LY<v 254.. - Tire sales are expected to show a healthy 3->- '.'33 share, DeYoung reported. , increase in 1966 over 1965 despite the slack- BR•. r -, & I The sales figure for the first half of 1966 \ t ening in new car sales, the Goodyear execu- was 16 per cent above that for the correspond- 6 tive predicted. ..6- ing 1965 period; it topped by $46,678,000 the ••Present indications are that total auto I. = * previous record six-month sales of $1,173,- .- . 4-f 1-:tl. tire shipments in the U.S.A. this year will hit 94'' • 794,000, achieved in the last half of 1965. r 150,450,000 units, compared with 148,226,000 9/ ... 1 Mia ,-1, 1 - '. Net income for the first six months of in 1965," DeYoung said. 6•Replacement tires, i 09&4664..A. 1966 was 18 per cent above that for the first which represent two-thirds of the industry's half of 1965, when per-share earnings were auto tire sales, appear headed for a record $1.42; and it exceeded by nearly $1.5 million 101 million units, nearly 5.5 million more Five Employes Earn $515 the. previous six-month earnings record of than the 1965 total. This will more than off- $58,449,000, reported for the last half of 1965. For Money Saving Ideas set the somewhat slackened demand for tires Worldwide sales in the second quarter of supplied as factory equipment on new cars. " For Charles Lambach, keep- Cynthia Turk of the com - 1966 hit an all-time record $631,016,000; ing his mind alert to potential pounding office received $15 for Sales of all types of pneumatic tires - suggestions has paid ofT with suggesting a method to simplify this was 13.6 per cent higher than in the auto, truck, farm, airplane and industrial -- a trip to California for his en- compounding work, and Sara second quarter of. 1965 and compared with are expected to hit a record 184,575,000 tire family. Easley of International received the previous quarterly sales record of $625,- units this year, DeYoung reported. By com- $10 for suggesting a change in Lambach, who works in corp- the International personnel di- 811. 000, reported for the final three months parison, 1965 sales of all pneumatic tires orate wire communications, was rectory. of 1965. this month's top suggestion totaled 178,887,000 units. award winner when he earned $300. Lambach suggested sav- ings on meter time on disk Promotions Are Announced For Three In Akron Area drives in the computer room. The promotion of three Mass., and a graduate of Wor- In his neiv post Petersen re- became manager of tire mer- division executives has been cester Polytechnic Institute, ports to Holt. chandise distribution in 1948. "I got this idea when I was announced by Victor Holt, joined Goodyear in Akron in Rhoads, 54, is responsible in Cunningham, 57, is a native turning on the. equipment. It president. 1947 in a training group. He his new post for merchandise of Pennsboro, W. Va. He joined seemed that we could save became manager of general mer- distribution and control func- Goodyear as an Akron produc- money by doing it differently," V. L. ( Larry ) Petersen, chandise and materials control tions for tires and general tion employe in 1928, and soon Lambach said. "It just took 46, has been named direc- in 1963. Petersen served in the merchandise in all domestic joined a training group. A ser- tor of the newly created Ma- about an hour to develop." Army in World War II. Mar- Goodyear plants. ies of positions followed, includ- terials Management Division. ried and the father of four chil- A native of Marion, Ohio, Lambach left for California ing manager of warehouses in Formerly manager of general dren, he lives in Cuyahoga Falls. Rhoads attended the University Chicago and Detroit and other last .week, using the money he merchandise and materials con- In 1965 he attended an advance(1 of Chicago and joined Goodyear managenient posts. He was apl earned from his idea to finance trol,, Petersen is responsible iii managenient prograni at Har- in li )32 at lirilw:•ukee,,Wis., in pointed general traffic manager the trip. :'I think this is a very his new post for various fune- vard University. the shipping (lepartnient. He in 1955. good. way to pick up . extra tions, including purchasing, mer- Wri.- ..-er=.-4- money...in fact, I may tiy and chandise distribution and eon- ' . *6/&D pay for next year's vacation - trol, rubber plantations, trallic the same way." ..:, , and ·distribution services. ...:. 6 ., Four other Akron employes Holt also announced the pro- 4. joined Lambach in sharing $515 tiiotion of C. Norton Rhoads r .=- in suggestion money. W. j. to manager of merchandise dis- St ' Schick of advertising suggested tribution and control, and of - a change in addressograph Harold D. Cunningham to diree- f equipment to earn $170. Leslie tor of traffic. -- . '* Connolly of central zone ac- All three appointment• were r. * I counting earned $20 for sug- effective Aug. 1, Holt· said. ... 3 gesting a revision of forms. Petersen, a na:tive of Boston, l'etersen Rhoads Cunningham . / . /4 1 1 lahop / Inners Named PulationS 40 f 4 h In Art Contest 1 tilt The following 45 delegates requiring that work will be of- el'atioil in an existing classifica- .-- ;ve re elected by Local 2 as dele- ferred to employes on the re- tion in the new sub-weld area. gates to the 25th Annual Con- The union contends that the tii*irig shift with the lowest l'e- I 1 rention of the United Rubber, corded weekday hours. conipany is paying the 90 per =r I. 1 4...1 , 40. Cork, Lilloleum and Plastic cent rate for the first week on .., " I )iscussion: C Workers of America, to be held each product that is being • t The question before the uni- '. in Miami Beach, Fla., Sept. 12- worked on the new lines and 4 /4 ixa 19: pire is to determine whether the elainis that this being a new ec,111pariy is obligated to offer -r,prr 1 John Nardella operation, the company should *.. ;£N . I)avid B. "I)ave" McCann th ree consecutive work shifts to pay 95 per cent after the first 4'/ Earl Givens ati employe when extra hours week. 4, Cliarles "Chuck" Twyford beconie available. The company The company's position is that I 1 4 James Adams denies such an obligation and because of the fact that separate M, . ..4 Max Artis claims that there is a general '\ e 1,iecework prices will be estab- t ,\ J r** M. W. '*Nlax" Brannon well-known policy for 01Tering lished for the various pi'oducts * -*' *f., .*qf.34'..,4 . i .., .-,J,•-, .• 4.. ..:• Ray Brinkley only two shifts ( 16 hours maxi- to be manufactured on the new 0'4* Ward E. Carlyn muni ) iii a 24-hour period, ex- process lines, off-standard wage Roger Cerasuolo cel)t iii emergency situations. payment has to be on the basis C '1.1. Ted Clark The com 1,any refers to a of 90 per ceiit for one week and Rudy Comedy 95 per cent thereafter for each Standard Prizetice Letter dated Ray E. Conner and every new product. The July i),1955), which states this Charles "Eddie" Cottle conipany contends this policy gellet'al lioliey This the com- Dave Course has been in effect for many pally states is a 1)oliey of long IOOKING OVER the top painting in the (;oodyear Interna- George Dadich years at Goodyear aiid is the standing and in view of that, tional Worldwide Art Collection, "Stockholm Landscape" from Clarence Danner accepted and umpire-supported there is no justification foi· l'e. Sweden, are Dean l'eebles, GIC director of advertising and sales D. C. Doyle interpretation of the Agreement. promotion, left ; R. J. Rhodes, who won second place in an em- Harry Doyle quest of pay.