Word: arjay
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...McGovern, vice president of personnel at the Wells Fargo Bank in San Francisco, who has begun a review of her firm's hiring of M.B.A.s. Concedes Arjay Miller, who left Ford to head Stanford's business school from 1969 to 1979: "I've never said this before, but I do think some firms are paying M.B.A.s too much money...
Accompanied by representatives from TIME, the group jet-hopped from coast to coast, visiting members of the U.S. Government, industry and the academic community. Their crowded schedule included meetings in California with Harvard Professor and former U.S. Ambassador to Japan Edwin Reischauer and with Stanford Business School Dean Arjay Miller, a seminar in Phoenix on the problems of pollution, and a tour in Houston of NASA space facilities. In Detroit the visitors listened to a critique of U.S. foreign policy by former Under Secretary of State George Ball, then talked with Ford Motor Co. Chairman Henry Ford II and President...
...made. After slogging his way up from sales trainee to vice president at age 36, he masterminded Ford Motor Co.'s happy successes with the Mustang and the Maverick. So lacocca figured that he was a cinch to take over the president's chair when Arjay Miller stepped down three years ago. But then a gray-haired 55-year-old named Semon E. Knudsen got passed over for his dad's old job as president of General Motors. Henry Ford II snapped up Knudsen for the Ford job and let lacocca wait...
Ford's success was once popularly attributed to brilliant No. 2 men, but that idea has faded as a long list of distinguished No. 2 men (Ernest Breech, Robert McNamara, Arjay Miller, recently Bunkie Knudsen) have come and gone. Some of them left, Detroiters gossip, because Ford eventually tires of people, particularly if they gain too much power in the company...
Thoughtful businessmen are just beginning to grasp the enormity of the change that confronts them. By contrast with the 1960s, predicts Arjay Miller, former president of Ford Motor Co. and now dean of Stanford's Graduate School of Business, the 1970s will bring "increasing emphasis-and rightly so-on public goods." By Miller's definition, "public goods" are those not subject to the private marketplace: education, welfare, subsidized housing, safety, parks, clean air and water. "The shift from private to public goods is a tribute to the private sector of the economy," he says. "It has done...