Page 2
'fir«$<one !f3iwi
February 17, 196
Lee R. Jackson Retires After 49 Years Of Service
★ ★
Will Continue As Director
The retirement of Lee R. Jackson ends 49"
years of active leadership at Firestone and in
the entire rubber industry. Mr. Jackson
served as president of the company from 1948
to 1957, and as vice chairman from 1957 to
his present retirement.
He will continue as a director and execu
tive consultant, and will remain on the
executive committee and other important
committees.
His retirement was announced at the
board of directors’ meeting, following the
annual stockholders’ meeting January 21.
Mr. Jackson, who joined the Firestone
sales department in 1912, had served as vice
chairman of the company since January 19
1957. He has been a director since 1930.
^ ^
HE SPENT his first year with Firestone
in the home office before transferring to
Detroit, Mich., as a general line salesman. He
was appointed district manager at Grand
Rapids, Mich., in 1916.
After World War I service with the Army
Air Corps, Mr. Jackson became district man
ager at Indianapolis, Ind. He acted in many
and various sales capacities, as district man
ager, division sales manager, manufacturers
sales manager, and became general sales
manager in 1927.
Mr. Jackson was named vice president in
charge of sales in 1929, was elected executive
vice president in 1941 and president in 1948.
Under Mr. Jackson’s leadership as president,
the company reported its first billion-dollar
sales year, in 1953.
^
ONE OF AKRON’S outstanding athletes
of his era, Mr. Jackson was captain of the
1910 football team at Buchtel College, prede
cessor of the University of Akron. That team
has always been considered the greatest team
in the history of the school.
He was a vice chairman of the Automotive
Safety Foundation, a director of the Rubber
Manufacturers Association, a member of the
Business Advisory Group of the President’s
Committee on Highway Safety, a member of
the Yale University Council to the Bureau of
Highway Traffic, and is a former chairman
of the board of directors of the University
of Akron.
Mr. Jackson is a member of the Portage
Country Club and University Club, Akron;
Detroit Club, Detroit Athletic Club, and De
troit Golf Club, Detroit, Mich.; Indian Creek
Country Club, Bath and Surf Clubs, Miami
Beach, Fla.; and Union Club, Cleveland, Ohio.
Mr. Jackson was married to Gladys Tuttle
of Grand Rapids, Mich., May 3, 1919. They
live at 871 Merriman Road, Akron.
RETIREMENT of Lee R. Jackson as vice chair
man ends 49 years of active leadership at Firestone
and in the entire rubber industry. Mr. Jackson was
president when the company reported its first billion-
dollar sales year in 1953.
ill
Photos Show
Modernization
Modernization programs, already
completed in Firestone plants in
the United States, have resulted in
lower production costs, increased
capacity, better control of quality
and improved products.
In the cover photograph,
Firestone’s new Transport-100
truck tires are cured in automatic
curing presses installed as part of
the $120,000,000 modernization and
expansion program.
Pictures on this page show the
company’s new first line tire which
gives 36 per cent more mileage,
the single truck tire that replaces
the conventional dual equipment,
and the three-piece mold which
enables the tread to be formed as
a single unit.
THE THREE-PIECE MOLD
FIRESTONE’S NEW FIRST LINE TIRE
t
THE SINGLE TRUCK TIRE
Distribution of 1960 Fiscal Year Revenue
INCOME
From Sales to Customers $ 1,207,247,997
From Customers for Excise Taxes 72,915,834
From Other Sources 6,578,199
$ 1,286,742,030
DISTRIBUTION OF INCOME
Materials, Fuel, Transportation and Other Expenses $ 677,285,777
Wages, Salaries and Employee Benefits 338,996,452
Taxes 156,124,014
Depreciation on Buildings and Equipment 45,729,818
Interest on Borrowed Money 3,576,506
Cash Dividends 26,447,797
Invested in the Business 38,581,666
$ 1,286,742,0^