Word: 3m
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Dates: during 1970-1979
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Even some of the "defensive research" is starting to pay off. Last week the 3M Co. introduced a lithograph printing plate that uses nonpolluting tap water instead of chemical developers to produce an image. General Motors' new zinc-nickel oxide battery pack-which can be completely recharged 300 times and will power a car for 100 miles-cost $33 million and took ten years to develop, but it has now opened up for the first time the possibility of a practical, mass-produced electric...
This year the Corporation will consider resolutions asking Philips Petroleum and the 3M company to withdraw their operations from South Africa, a resolution asking Kodak to stop sales of certain kinds of photographic equipment to the South African government, a resolution calling on Exxon not to expand its South African operations, a resolution calling on Bristol Meyers to change its Third World infant formula marketing practices, resolutions prohibiting ex-government officials from taking jobs with General Electric and several other companies, and resolutions on redlining, political contributions, and journalistic practices...
...Corporation has set up no group to evaluate the companies. The ACSR, we have been told many times this year, is designed to deal with ethical questions related to Harvard's investments. Yet when the ACSR voted overwhelmingly last week to support shareholder resolutions calling upon Motorola and 3M corporations to discontinue their South African operations, Hugh Calkins, acting on behalf of the Corporation, decided instead to abstain. This action made a mockery of their protestations of reliance on the ACSR--itself hardly a representative body. Unless the Corporation itself intends to review every company, it must either respect...
DIED. William L. McKnight, 90, pioneer advocate of industrial research and development who built and diversified a debt-ridden sandpaper concern into the $4 billion 3M Co.; in Miami Beach. McKnight left his family's South Dakota farm at 18 to become a bookkeeper's assistant in the Minnesota Mining & Manufacturing Co. at $11.55 a week. He rose quietly to become president of the company at 41, then chairman of the board until he retired...
...that he would call corporate and labor leaders together to work out voluntary guidelines for pay and price boosts. But businessmen have not forgotten that early in the campaign Carter spoke of requesting stand-by authority to impose wage-price controls, which executives abhor. Says Raymond Herzog, president of 3M: "The mere mention of federal intervention causes companies to raise their prices in anticipation. Inflation would spiral. Carter should go on the record to stop these rumors...