Word: argus
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...core of Taylor's operations is the Toronto-based Argus Corp., named for the mythological Greek guardian who boasted 100 eyes. As the founder and president of many-eyed Argus, Taylor has made a specialty of applying his shrewd management skills to reviving faltering firms. Unlike investment companies that pop in and out of situations for quick profits, Argus gains working control of a company and stays on to guide it with its own hand-picked management team. It has brought a dramatic revival to Farm-Machinery Maker Massey-Ferguson (TIME, June 15), organized Dominion Tar & Chemical Co. into...
...Argus-held companies last year: almost $2 billion...
Robert Steyn, a reporter from Cape Argus, Cape Town, is sponsored by the South African Leader Exchange program with a grant from the Johnson Foundation of Racine...
What saved the firm was the intervention in 1956 of Argus Corp. Ltd.. an aggressive Canadian investment trust. Argus, after getting a controlling interest in the company, put in as president Albert A. Thornbrough. a onetime farm boy from Kansas who was one of the assets Massey acquired when it merged with British Inventor Harry Ferguson's tractor company in 1953. Thornbrough promptly set the company on a new course. North American farms, he reasoned, were now so heavily mechanized that they must be considered a "mature" market. The real growth opportunity lay in the rest...
...would need to be exploded 18 miles below the surface. At this depth the rock is probably so plastic that digging a test hole would be impossible. Another possibility is to fire tests above the earth's atmosphere, as the U.S. did on a small scale in Project Argus (August-September 1958). But a big, rocket-borne test involves intricate problems in technology; countless things could go wrong. A premature explosion on earth, or too early an explosion aloft, could contaminate the atmosphere with radioactive products. All tests in the atmosphere, including last week's Soviet test, will...