TABLE C-19.-General Dynamics Corp. Management Interlocks,1 1 Subsidiaries in which General Dynamics Corp. owns 50 percent or more of outstanding stock are excluded. (20) Armour & Co.-The 17 directors of Armour & Co., the second largest meat packer in the United States, were directly interlocked with 12 banks and financial institutions, 5 insurance companies, and 22 industrial-commercial corporations. Multiple interlocks included three each with the American National Bank & Trust Co., and F. H. Prince & Co., Inc., and two each with First National Bank of Chicago, John Hancock Mutual Life Insurance Co., Baldwin-Lima-Hamilton Corp., Philip Carey Manufacturing Co., and Barber Oil Co. Other corporations whose managements were linked with Armour & Co.'s included Sears, Roebuck & Co., Continental Clay Products Co., United Clay Products Co., Standard Oil Co. (Ind.), International Harvester Co., and Chemetron Corp. Armour & Co. management interlocks, as of December 31, 1962, are shown on table C-20. TABLE C-20.-Armour & Co., Management Interlocks,1 Dec. 31, 1962 Directors___. Officers not directors-- Total__. 17 27 44 Director interlocks: Banks and financial institutions: First National Bank of Boston.. Massachusetts Investors Growth Stock Fund, Riggs National Bank___ American National Bank & Trust Co., Chicago First National Bank of Chicago----. F. H. Prince & Co., Inc_‒‒‒‒ First Capital Corp. of Chicago_. Live Stock National Bank of Chicago__. National Safe Deposit Co---- Wertheim & Co___. American Research & Development Corp‒‒‒‒ Total companies.. Insurance companies: John Hancock Mutual Life Insurance Co-----{ Boston Insurance Co-‒‒‒‒ Industrial and commercial: Chicago & Eastern Illinois RR. Co_____ Seaboard Air Line RR. Co--- Sheraton Corp. of America_-_ United Clay Products Co---- Continental Clay Products Co--- United Clay & Supply Co., Baltimore--- United Brick Corp-- International Harvester Co-. Utah Metal & Tunnel Co... Chemetron Corp--- Illinois Central RR_ Continental Oil Co.. Union Stock Yards & Transit Co. of Chicago- Baldwin-Lima-Hamilton Corp---- United States Lines Co‒‒‒‒‒‒ Philip Carey Mfg. Co--- Spiegel, Inc____ Barber Oil Co____. Standard Oil Co. (Indiana). Sears, Roebuck & Co---- H. J. Livingston. - H. J. Livingston. 22 F. W. Specht. C. J. Haines. H. J. Livingston. 3 42 42 1 Subsidiaries in which Armour & Co. owns 50 percent or more of outstanding stock are excluded. (21) Lockheed Aircraft Corp.-Lockheed had 17 directors who were linked with managements of 11 banks and financial institutions, 2 insurance companies, 19 industrial-commercial corporations, and 10 other organizations. Multiple interlocks included four with Investment Co. of America, and two each with Pacific Finance Corp., United California Bank, and American Mutual Fund, Inc. Other corporations whose managements were related to Lockheed Aircraft's were American Metal Climax, Inc., General Telephone Co. of California, Hoffman Electronics Corp., and Norris-Thermador Corp. Table C-21 sets forth management interlocks of Lockheed Aircraft Corp. as of December 31, 1962. TABLE C-21.-Lockheed Aircraft Corp., Management Interlocks,1 Dec. 31, 1962 Security First National Bank, Los Angeles-- C. E. Ducommun. State Street Bank & Trust Co., Boston______ H. W. McCurdy. R. Proctor. See footnote on p. 148. TABLE C-21.-Lockheed Aircraft Corp., Management Interlocks,1 Dec. 31, 1962— Continued Marsh & McLennan-Cosgrove & Co. (Arizona) W. W. Keith. 1 Subsidiaries in which Lockheed Aircraft Corp. owns 50 percent or more of outstanding stock are excluded. (22) North American Aviation, Inc.-The 19 directors of North American Aviation participated in the managements of 7 banks and financial institutions, 4 insurance companies, and 23 industrial-commercial corporations. Multiple interlocks included two each with United California Bank, Western Bancorporation, Cyprus Mines Corp., Los Angeles & Salt Lake Railroad, Oregon Short Line Railroad, Oregon-Washington Railroad & Navigation Co., Union Pacific Railroad and 3 with Southern California Edison Co. One of North American Aviation's 11 officers not directors was identified with the management of 1 bank. Table C-22 shows the management interlocks, as of December 31, 1962, of North American Aviation, Inc. TABLE C-22.-North American Aviation, Inc. Management Interlocks, Dec. 31, Directors.. Officers not directors__. Total___ Director interlocks: Banks and financial institutions: United California Bank__. 1962 Security First National Bank, Los Angeles----. C. A. Rude. TABLE C-22.—North American Aviation, Inc., Management Interlocks,1 Dec. 31, 1962-Continued Director interlocks-Continued Standard Oil Co. of California_____. E. I. du Pont de Nemours & Co--- Los Angeles & Salt Lake RR__--- Oregon Short Line RR_. A. V. Call. H. B. du Pont. H. G. Fales. C. A. Rude. W. C. Mullendore. Oregon-Washington Railroad & Navigation R. A. Lovett. 1 Subsidiaries in which North American Aviation, Inc., owns 50 percent or more of outstanding stock are excluded. (23) Phillips Petroleum Co.-The 15 directors of Phillips Petroleum were identified with the managements of 3 banks and financial institutions, and 7 industrial-commercial corporations. In addition to a multiple interlock with Pacific Petroleum, Ltd., and four with First National Bank of Bartlesville, Oklahoma, Phillips' directors were associated with Reda Pump Co., Boeing Airplane Co., and Fruehauf Trailer Co. Phillips Petroleum management interlocks, as of December 31, 1962, are shown on table C-23. 26-188-65——11 |