Word: almost
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Dates: during 1960-1969
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...nothing else, Washington's new syndicated partnership in punditry is proving highly marketable. Conceived almost a year ago, the Frank Mankiewicz-Tom Braden column is regularly carried by 70 newspapers, including the Washington Post and New York Post, and has been offered as a summer fill-in to another 180 papers. More ac curate and less sensational than Pear son and Anderson, less likely to magnify trivial exclusives but also far less enterprising than Evans and Novak, Mankiewicz and Braden produce a stylish, knowledgeable column that offers sharp opinions and no doubletalk...
They also have knocked federal officials, including FBI Director J. Edgar Hoover (for issuing statements "almost totally devoid of the truth" about planting concealed microphones only with the approval of attorneys general). Another target: Interior Secretary Walter Hickel, whom they prematurely called "the right man for the wrong job." They questioned the appointment of Herbert Klein as President Nixon's Communications Director, claiming that when he was editor of the San Diego Union, that paper managed news to promote Republican candidates...
Opting for Impact. What, then, do the young managers want? Very largely, they want almost instant responsibility, a chance for individual expression or, as one General Electric personnel psychologist put it, "opportunity for impact." They are getting the message through to chief executives that they are not willing to put in the usual stint as a trainee, shuffling paper and learning company routines. "These younger, better-educated people demand a different kind of direction," says Edward J. Hanley, chairman of Allegheny Ludlum Steel Corp. "You have got to give them their head, put them in positions where they can make...
Neither idealism nor ambition is new, of course, but now almost an entire generation is chanting the same tune. Top managers are listening, deeply aware and bothered that many college graduates shun the business world. At Harvard, for example, only 6% of the 1968 graduating class went into business. Unless the corporation is made a more rewarding place to spend a lifetime, the best minds of the generation may go into other fields, such as teaching or government. Still, the generation gap in business may be a highly constructive force, pushing management to decentralize, to delegate more authority...
Prosperity reached almost embarrassing proportions for Wall Street during the bull markets of the past couple of years. As stock prices climbed and trading volume rose to unprecedented heights, brokerage commissions swelled to $5 billion a year, and six-figure in comes became commonplace among customers' men. Now the securities busi ness is mired in a painful recession. Caught between sharply rising costs and a sluggish volume of trading in the ner vous market, brokerage houses have closed scores of branch offices, laid off hundreds of workers and rushed into mergers to fight a flood...