thomas murphy obituary

Receive obituaries from the city or cities of your choice. Beth Colligan (nee Murphy) of Madison, New Jersey passed away peacefully on January 12, 2023 after fighting cancer for two years. He was 96. This memorial website was created in memory of Thomas Murphy, 80, born on March 20, 1893 and passed away on April 0, 1973. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. He shared his love of astronomy with his daughters, pointing out stars, planets, comets, and eclipses when a clear night away from the lights of the city presented itself. 5431 W Genesee St Camillus, NY THOMAS MURPHY OBITUARY Thomas James Murphy Sr. April 13, 2021 Thomas James Murphy Sr., 96, of Camillus, passed away in his home on Tuesday. Reforma reported that state police, soldiers and members of the National Guard visited the market on Saturday afternoon and took photographs of vacant chicken stalls. His mother was a homemaker whose optimism and devout Catholicism were strong influences on a young Tom Murphy, who later had his corporate headquarters in a building opposite St. Patricks Cathedral in Manhattan. 21, 2022. Judging by stock price alone, his leadership was phenomenally successful. Look inside to read what others have shared. Mr. Murphy, right, with Michael Eisner, the chairman and chief executive of Disney, in 1995, when Disneys deal to buy Capital Cities was announced. Order by 3:00PMThe day before. Wall Street cheered the transaction, in part because of the lean management style at Capital Cities Mr. Murphy had no legal department or personnel office and his secretary ran public relations and because of the involvement of his friend Warren Buffett, the Oracle of Omaha who helped finance the deal and soon joined the board. After he retired, Tom earned his degree in theology at Union Theological. Thomas Murphy, media executive who engineered ABC takeover, dies at 96, Caps cant find a goal late, end up with a deflating loss to the Wild, Capitals rally from three-goal deficit, clip Islanders in OT, For Victor Robles and the Nats, a thorny offseason storyline returns. Thomas Murphy, a farsighted executive who built Capital Cities Communications into a media juggernaut, shocking the business world when he engineered the $3.5 billion acquisition of ABC . The two gathered their managers annually, and the meetings always ended with Murphys reading of the company credo. Leave a sympathy message to the family on the memorial page of Michael Thomas Murphy to pay them a last tribute. Thomas J. Murphy, age 72, of Largo, Florida passed peacefully in his home on Tuesday, December 20, 2022 surround by his family. Beth and her three sisters grew up proud Jersey girls in Bayonne where they all attended Holy Family Academy. Thomas J. Murphy, age 72, of Largo, Florida passed peacefully in his home on Tuesday, December 20, 2022 surround by his family. I always had on my desk a sheet of the people I would like to make deals with, he recalled. Be the first to post a memory or condolences. The growth of the company had been notable. People who became shareholders when Capital Cities went public in 1957 garnered $2,000 for every dollar they invested. To order flowers or to leave a memory of Tom, visit our website: I wouldnt say I was a creative force, Mr. Murphy said in 2017. He felt a religious calling and joined the Marist Brothers . Throughout his life, Tom engaged in spiritual exploration, learning about philosophy, ethics, church history, biblical analysis and ancient languages. Mr. Murphy served in the Navy during World War II and graduated from Cornell University with a mechanical engineering degree in 1945. Send Flowers: When Is the Ordering Deadline? Interment private. You will receive email notifications when changes are made to the online memorial, including when family and friends post to the Guestbook. When Tom and Agnes retired, they began to travel again, going on trips around the globe, sometimes taking their daughters. Four years later, he received his MBA from Harvard. In more recent years, he studied the origins of the universe, trying to meld his understanding of science with the ways various religions explain how the world began. Tom loved to meet different people, see historical sites and natural wonders, and be with his family. His father, a lawyer, was active in Democratic politics and became a justice of the state Supreme Court. In addition, core inflation, which strips out some volatile food and energy prices, was at its highest year-end rate since 1999. killing of Guerrero transportation leader Francisco Garca Marroqun, intimate knowledge of organized crime in Guerrero, 2 former motel employees charged with obstruction in Debanhi Escobar case, Mexico-US condor conservation program considers adding another CDMX zoo, At 7.82%, headline inflation hits highest year-end level since 2000, Strict anti-smoking law takes effect across Mexico, El Chapo denounces cruel and unfair treatment in message to AMLO, In Oaxaca citys restaurant scene, look for substance over style, San Miguel de Allende attracts more luxury real estate buyers. Mr. Murphy was later appointed to the boards of IBM, Johnson & Johnson and Texaco, and he was president and chairman of the Madison Square Boys & Girls Club in New York City. In the three decades before Capital Cities acquired ABC a company four times its worth it had swallowed three dozen broadcasting and publishing companies, almost always at bargain-basement prices. His father, Charles, was active in Democratic Party politics and was a judge in New York State courts for the last 15 years of his life. He is survived by his loving wife, Susan and son, Thomas J Murphy Jr.. Tommy was recently preceded in death by his brother, William Murphy. Its television stations made $55 in profit for every $100 they took in. A mass of christian burial will be held on Friday, January 20th 2023 at 10:45 AM at the St. John the Baptist Church (1085 Englewood Ave, Buffalo, NY 14223). Leave a sympathy message to the family on the memorial page of Michael Thomas Murphy to pay them a last tribute. There are no vendors nor buyers. In part, the investment was a symbol that Buffett trusted Mr. Murphy, whom he had once bonded with over racquetball and a steak dinner. Thomas S. Murphy, who as chairman and chief executive of Capital Cities Communications stunned Wall Street in 1985 by acquiring the much larger American Broadcasting Company for $3.5 billion, then 10 years later startled Wall Street again by selling the resultant company to Disney for $19 billion, died on Wednesday at his home in Rye, N.Y. Perhaps because Mr. Murphy and his chief lieutenant, Daniel B. Burke, the president of Capital Cities, came from the broadcasting world, they were generally seen to have proceeded more smoothly in their acquisition than those who followed: In 1986, General Electric acquired NBCs parent, RCA, and Laurence A. Tischs Loews Corporation acquired a controlling interest in CBS. A unique and lasting tribute for a loved one. For information 708-453-1234 or www.elmsfh.com. So I never went to work. Sign up for service and obituary updates. He was friendly with everyone he met and enjoyed his life as a brother. January 6, 2023 SEARCH. She also said that stall owners had no guarantee that they wouldnt be targeted by criminals. July 25, 1932 - December 8, 2021 (89 years old) West Springfield, Massachusetts Thomas Murphy Obituary We are sad to announce that on December 8, 2021 we had to say goodbye to Thomas Murphy of West Springfield, Massachusetts. After jobs as an industrial oil salesman and ad agency executive, he landed at Lever Brothers as a brand manager, only to leave in 1954 to become a station manager at Hudson Valley Broadcasting, the Albany business that became Capital Cities. According to Buffett: The Making of an American Capitalist by Roger Lowenstein, Mr. Murphy started negotiating the deal in late 1984, when he visited the office of ABC chief Leonard Goldenson. El periodista Fredid Romn Romn fue asesinado a balazos la tarde de este lunes en Chilpancingo, Guerrero; en lo que va de este ao suman 15 comunicadores asesinados en el pas. Thomas S. Murphy, who served as Chairman and Chief Executive Officer of Capital Cities/ABC for 30 years and oversaw its merger with The Walt Disney Company, died Wednesday, May 25, at his home in Rye, New York. He was also appointed to three boards, those of IBM, Johnson & Johnson, and Texaco. Other measures underline the same story. Tom was a family man at heart. When Rose was in high school he was a parent judge for the debate team, going to countless tournaments, and providing support to the coaches. Honor a loved one by planting trees in their memory. He later applied to Harvard again and was accepted. January 15, 2023 Mr. Murphys business success can be summed up in a single statistic: Capital Cities stock increased in value 2,000 times between 1957, when the company first sold stock to the public, and 1995, when Disney bought it. In lieu of flowers memorials to the Special Olympics of Illinois Region B at https://support.specialolympics.org. He met Mr. Buffett in the early 1970s, and Mr. Buffett bought 3 percent of Capital Cities. He was thrilled when any of his relatives came to New York. It may take up to 1 hour for your comment to appear on the website. He spent afternoons at a coffee shop talking to everyone and helping where he could. Share your thoughts and memories of Thomas, Share your thoughts and memories with family and friends of Thomas. I will never cease to appreciate his friendship and his goodness.. Family and friends are coming together online to create a special keepsake. Help tell the story of your loved ones unique life. Reforma reported that one of the murder victims was Vctor Vzquez, half-brother of slain chicken distributor Toms Ramrez. Chicken stalls in Chilpancingos six biggest markets closed in response to the three attacks, whose motives have not been clearly established. It was a $19 billion transaction. The family asks that remembrances in Murphys name be made to theMadison Square Boys & Girls Club of New York CityorSave the Children. After the company was sold, journalist Cokie Roberts called him a world-class boss and by all accounts, he avoided interfering in editorial decisions. Born. Joy Eileen Hicks, age 92, of Casey, IL passed away at 1:30 p.m. on Wednesday, December 28, 2022 at Heartland Nursing and Rehabilitation in Casey, IL. He argued that it made sense for both sides. Thomas Murphy Obituary We are sad to announce that on January 31, 2021, at the age of 79, Thomas Murphy of Pittsburgh, Pennsylvania passed away. By all accounts, the Disney deal was arranged quickly following an impromptu conversation with Eisner, Buffett and Mr. Murphy at a media conference in Sun Valley, Idaho. His love of education extended to supporting Agnes through a masters degree and a reading certification program, as well as undergraduate and advanced degrees for both daughters. Note: These are general guidelines; some florists may not be able to operate within these timelines. 2023 SCI SHARED RESOURCES, LLC. ; his grandchildren, Matthew Kiefer (Amanda), Mitchell Kiefer, Christopher Murphy (Rebecca), Joelle Cray (Daniel) and Albert Morey IV; his great grandchildren, Oliver, Henry, Arthur, Theodore, Camille and Clara; and his siblings, Elizabeth Nochelski (Ronald), John Murphy (Jean), Irene Sly (Gordon), Edward Murphy (Geraldine) and Anna Mae Murphy. Once you find the obituary you are looking for, you can get important information about upcoming services, share a favorite photo or memory, and send flowers or gifts to the family. If you are having trouble, click Save Image As and rename the file to meet the character requirement and try again. He was 96. Tommy was an avid car enthusiast and loved his baby, a 64' Corvette. During the next 16 years, he helped build Marist College, got his undergraduate degree there, worked with migrant farmworkers in the apple orchards, taught at Marist High School where he coached football and debate, and finally taught philosophy courses at Marist College. He was a deeply principled man, setting and demanding high standards, always living up to them, and never compromising ethics in the service of business To me, he was more than a mentor. When the girls were little, they spent several summers camping up and down the East Coast, from Florida to Prince Edward Island, and culminating with a cross-country camping trip in 1988 with their cat Pitou in tow. Help tell the story of your loved ones unique life. age 78. He set up a decentralized management structure to force lower-level executives to make their own decisions. Send flowers or a gift to a service or family's home. THOMAS MURPHY OBITUARY MURPHY--Thomas S. The NYU Langone Health community mourns the passing of our dear friend Thomas S. Murphy, a cherished leader and patron of our institution for five. THOMAS MURPHY OBITUARY Murphy, Thomas E. Muskegon Mr. Thomas Eugene Murphy, age 73, passed away at his home on Friday, May 13, 2022 in Muskegon. Burial will follow at Southern Cemetery in Barnesville, Ohio.In lieu of flowers, memorial contributions can be made to the First Presbyterian Church of Barnesville, Belmont County Cat Stray Schun, and St. Jude.To send flowersto the family or plant a treein memory of Thomas H. Murphy, Sr., please visit our floral store.A Memorial Tree was planted for ThomasWe are deeply sorry for your loss - the staff at Campbell-Plumly-Milburn Funeral Home Join in honoring their life - plant a memorial tree. Let others know about your loved one's death. Beloved husband of 53 years to Patricia Murphy (nee Forringer); dearest father of Maureen Hartman (Gregg), Kelly, Thomas J., Michael (Brandy) and Brendan Murphy (Leah); loving grandfather of Conor, Quinn, Tommy, Ava, Bryce, Declan and Owen; dear brother of the late Marilyn Wonsick. There will be a memorial and committal service at St. Charles Cemetery in Farmingdale, NY, followed by a meal on Friday April 29, 2022 at 1:00pm. Receive obituaries from the city or cities of your choice. Tom led by example, and it was very effective, whether you were a pauper or a prince. He volunteered at his church, St. Joan of Arc, teaching confirmation classes for young people and singing in the choir. Murphy, Thomas R. 83, November 10th, Army Veteran. Your entry has exceeded the maximum character limit. He was a deeply principled man, setting and demanding high standards, always living up to them, and never compromising ethics in the service of business.. Mr. Murphy retired as chief executive in 1990, when he turned 65, but returned to the job in 1994 after Burke retired as his successor. Mr. Murphy started college at Princeton but left to join the Navy, serving from 1943 to 1946. He also took his family to visit his cousins living near Toronto, Canada. It was difficult work, but he relied on his years as a counselor and his love of people. After 9/11, he volunteered as a chaplain to the firefighters who were excavating the Twin Towers. Your entry has exceeded the maximum character limit. Whether youre a lifelong resident of D.C. or you just moved here, weve got you covered. Mr. Annenberg declined to sell. Leave a memory or share a photo or video below to show your support. His death was announced in a statement by Walt Disney Company, which did not cite a cause. Fond memories and expressions of sympathy may be shared at www.gkgmm.com for the Jeffries family. Sign up for service and obituary updates. Esta pagina trata de demostrar que Chilpancingo antes era mucho mas bello y limpio, y como ha ido evolucionando con el paso de los aos One of his great joys was walking his niece Elizabeth down the aisle at her wedding. Make sure relatives of Michael Thomas Murphy know they have sympathy messages here. Tom loved being around people. Disney paid Capital Cities shareholders $19 billion. Age 79, of Beechview, on Sunday, January 31, 2021 passed away peacefully, after a long courageous battle with cancer, in the comfort of his own home with his family by his side. We are dedicated to serving you and your family for all of your funeral needs. Our goal is to hire the best people we can find and give them the responsibility and authority they need to perform their jobs. Information and advice to help you cope with the death of someone important to you. He didnt distinguish between the two.. It is with great sadness that we announce the death of Michael Thomas Murphy of Buffalo Grove, Illinois, born in Chicago, Illinois, who passed away on January 6, 2023, at the age of 76, leaving to mourn family and friends. He took the job, which paid $18,000 a year. Tom enlisted in the Army where he was stationed in Korea and he earned a purple heart and a bronze star serving his country. August 23, 1941 - September 22, 2020. Mr. Burke, as president, ran the ever more complex operations, usually away from public view. When he was having fun, he was unself-conscious, and knew how to let loose. Despite the years of slow decline, he maintained a sense of humor, a desire to connect with people, and an inclination to cooperate whenever possible. Leave a sympathy message to the family in the guestbook on this memorial page of Thomas Murphy to show support. Fond memories and expressions of sympathy may be shared at www.serenityfuneralhomelargo.com for the Murphy family. Hardly anyone walks through there, it said. His early jobs were as an industrial oil salesman with the Texas Company (now Texaco Inc.) and as an account executive for Kenyon & Eckhardt. He was born on April 29, 1942 to the late. Family and friends can send flowers and condolences in memory of the loved one. (92 years old). If youre in charge of handling the affairs for a recently deceased loved one, this guide offers a helpful checklist. ALL RIGHTS RESERVED. All are welcome, but the family has asked that all that attend to please wear a mask. Mr. Murphys wife, Suzanne (Crosby) Murphy, died in 2009. Campbell-Plumly-Milburn Funeral Home - Barnesville. THOMAS MURPHY OBITUARY Thomas H. Murphy Sr., 89, of Barnesville, Ohio passed away on Tuesday, June 21, 2022 at his home. Son of the late Joseph and Mary "Love" (Gatens) Murphy. He made his faith the center of his relationship with the world around him. Fotos antiguas de Chilpancingo. And Mr. Buffett called Capital Cities the most well-managed company anywhere. (76 years old). Mr. Murphy had a long history of aggressive takeovers before his company bought ABC, setting what was then a record for the biggest corporate acquisition outside the oil industry. Leonard, he said, I dont want you to throw me out of the 39th floor, but I have an idea.. Funeral Home Services for Thomas are being provided by The Elms Funeral Home - Elmwood Park. Thomas Murphy, 73, of Orleans, MA, peacefully passed away Monday night. OBITUARIES In December 1984, he strode into the office of Leonard H. Goldenson, the founding chairman of ABC, who had run the company for more than three decades. Prepare a personalized obituary for someone you loved.. March 13, 1946 - Tom is survived by his wife Agnes, his daughters Rose and Helen, his sons-in-law Joe and Maurits, his grandchildren Thomas and Rose, and his nieces, nephews, grand- nieces, and grand-nephews. How many fewer people do you need to do your job, they would ask, and what projects can you postpone?. After graduating from Harvard Business School in 1949, he worked for an advertising agency and as a brand manager for Lever Brothers. This will affect all of us, one central market vendor said, referring to the recent shootings in the state capital. 1036 Boston Post Rd.Rye, New York10580Phone: (914) 967-0129Fax: (914) 967-7202. Grief researchers say holding that missing funeral service, even a year or more later, can still help us heal. Echovita Inc is a registered trademark. In that position, he listened and offered solace. Beloved husband of Virginia (nee Barry); loving father of Kathleen Hiatt, Eileen (Michael) Kennedy, Susan Murphy and Barry (Peggy) Murphy; dear grandfather of 8 and great-grandfather of 1; brother of John (the late Irene) Murphy; uncle of many nieces and nephews. People arent coming [to shop], theyre afraid., With reports from Reforma, El Universal and El Sur. He is survived by three daughters, Emilie Murphy, Kathleen Murphy and Mary Conlin; a son, Thomas S. Murphy Jr.; and nine grandchildren. He had a long career as a career counselor at Hunter College, where he was also a union steward. Armed men torched six public transit vehicles in Chilpancingo on the night of the homicide, the newspaper El Universal reported. Mr. Smith became chairman and chief executive of Hudson Valley Broadcasting, which owned the stations, with Mr. Murphy as chief operating officer. He loved to debate politics, philosophy and ethics. For his part, Mr. Goldenson wanted the management expertise that he did not think his own company had to guide it into the future. He felt a religious calling and joined the Marist Brothers becoming Brother Patrick Martin. He applied to Harvard Business School but was rejected and worked as an oil salesman for Texaco for a year. Thomas S. Murphy, who as chairman and chief executive of Capital Cities Communications stunned Wall Street in 1985 by acquiring the much larger American Broadcasting Company for $3.5 billion,. A funeral mass was held on Wednesday, January 11th 2023 at 11:00 AM at the same location. For most of his life, Tom was a brilliant man. Some ABC journalists feared their managerial approach would devastate programs such as World News Tonight, Nightline and 20/20. But Mr. Murphy was generally praised for his stewardship of the news division. During his years at the head of Capital Cities and ABC, Mr. Murphy gave an annual talk about corporate philosophy, in effect distilling his own approach to business, including his belief that a company had an obligation to its audience, not just its shareholders. He was 96. Murphy was also active philanthropically, remaining on some community boards for decades. One vendor told the newspaper Sunday that sales have declined at all stalls since Ramrezs murder. Every memory left on the online obituary will be automatically included in this book. The capital's Environment Ministry is proposing that the San Juan de Aragn zoo host condors as part of a binational condor recovery program. His father worked for the subway system and his mother in a hotel. The deal was strengthened after Buffett agreed to be the 900-pound gorilla of the deal, as he put it, investing more than half a billion dollars in the company and refusing to sell his stake after the merger, as part of an effort to prevent Capital Cities and ABC from being snatched up by other conglomerates. He was a father figure, placing trust in me, instilling confidence, exhorting innovation, being accessible, and just as capable at commiserating failures as he was at cheering on successes. You can then forward the email to the family or print it and give it to them personally. Loving father of Shawn P. (the late Kimberly) Murphy, Holly (J. Eric) Peters and Colleen (John) Geyer. They're not a map to follow, but simply a description of what people commonly feel. To plant a tree in memory of THOMAS E. MURPHY, please visit. David Kessler's top 4 tips for dealing with holiday grief. Visitation will be held on Thursday, January 19th 2023 from 3:00 PM to 7:00 PM at the C. Mertz and Son Funeral Home, Inc. (911 Englewood Ave, Buffalo, NY 14223). Thomas S. Murphy, who served as Chairman and Chief Executive Officer of Capital Cities/ABC for 30 years and oversaw its merger with The Walt Disney Company, died Wednesday, May 25, at his home in Rye, New York. Do Not Sell or Share My Personal Information. For the original stockholders, the ones who cast their lot with Murphy and team in Albany, the gain was $10,000 to one. You have funeral questions, we have answers. His family was his pride and joy.In addition to his parents; Tom was preceded in death by an infant great-grandson, Eli Wells; infant sister, Carol; and sister-in-law, Ruth Ann Walls.Tom is survived by his wife of 66 years, Nancy Murphy; children, Thomas (JoAnn) Murphy Jr., Mariann (Ed) Webster, Molly (Wesley) Wells; grandchildren, Kelly (Samantha) Murphy, Colin (Victoria) Murphy, Nathan (Sarah) Webster, Gregory Webster, Christopher (Brittney) Wells, and Joshua (Morganne) Wells; 10 great-grandchildren; brother, Robert (Ruth Ann); step-sister, Ellen Frank; and several nieces and nephews.Private Services will be held at the convenience of the family. The networks ratings increased, including those for ABC News. In light of the recent violence, the Guerrero government announced it would increase security in the capital, but the police presence in the central market on Monday was minimal. The two once proposed buying Walter Annenbergs publishing empire, which included The Philadelphia Inquirer and TV Guide, on a 50-50 basis for $1 billion. ALL RIGHTS RESERVED. Copyright 2023 Echovita Inc. All rights reserved. Friends received Wednesday 2-4 and 6-8 p.m. only at BRUSCO-NAPIER FUNERAL SERVICE, LTD., 2201 Bensonia Ave., Pgh., PA 15216. When your purchase is complete, a post will be made on the tribute wall of the deceased signifying the planting of a memorial tree. After the price went up, Mr. Buffett sold the stock, that way missing the huge increases in share prices to come. His wife, Suzanne Crosby Murphy, passed away in 2009. No services are scheduled at this time. The funeral home is following all CDC and PA State guidelines. We had just one moment in his presence but that moment still shines.Peace and Love.Thomas, Amy, Ben, Stacy, Palmer and Beamer Brandstrader. OBITUARY Thomas Little Jeffries Passed away on January 13, 2023. The women face obstruction charges related to the case of an 18-year-old law student whose body was found at the Nuevo Len motel last April. The Dignity Memorial brand name is used to identify a network of licensed funeral, cremation and cemetery providers that include affiliates of Service Corporation International, 1929 Allen Parkway, Houston, Texas. Authorize the publication of the original written obituary with the accompanying photo. For Tom, these were the untimely deaths of his sister Elizabeth, his brother-in-law James, and three of his nephews, Richard, James, and Thomas. He never stopped loving a good party, a long phone call with a cousin or friend, or a holiday meal, the more people the better, visiting him in Virginia where he moved to be close to his grandchildren. That is how we built the company.. Funeral arrangement under the care ofChapels - Mundelein, St Mary of Vernon Catholic Church 236 US-45, Indian Creek, IL 60061. Share Your Memories and Sympathies and Join the Bereaved! An employee of a butcher shop located just outside the market said Sunday that she was selling pork and beef but not chicken because none had arrived. Please share a memory of Thomas to include in a keepsake book for family and friends. Thomas S. Murphy, the chairman and chief executive of Capital Cities/ABC, at a meeting of stockholders in New York in January 1996 to discuss the companys sale to the Walt Disney Company. Prepare a personalized obituary for someone you loved.. March 4, 1930 - He loved holiday gatherings with the extended family, sharing gossip and good food. His big Irish and Scottish family joined her big Italian family. Thomas Murphy passed away on January 11, 2023 in Elmwood Park, Illinois. TUES-SAT One of the other Chilpancingo markets where chicken vendor stalls have been closed in recent days is the San Francisco market. Suggested donation : American Cancer Society. In lieu of flowers, donations in Tom's memory to American Cancer Society. Mr. Murphy coveted the local stations ABC owned, and a change in federal policy had made it possible for a company to own more stations. Receive a notification when services are updated. (source: Disney corporate communications). He taught psychology classes and helped students find their own path, even long after he retired. Madison Square Boys & Girls Club of New York City. You can search by first or last name, state and publication date. The older he got, the more he showed kindness, and the more he wished to help other people in whatever ways he could. In 1957, shares of the new company were sold to the public for 72 cents each. Thomas was born to James and Jessie Lou Murphy of Palmer, Texas on June 15, 1966. Costs were largely fixed, so continuing increases in sales or decreases in costs widened profit margins. 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