Word: autonoplex
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Dates: during 1966-1966
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...pantry now are pastries (Sara Lee) and Popsicles (Joe Lowe Co.), poultry (Ocoma Foods), pickles and pears (Michigan Fruit Canners and USP Corp.). Cummings calls his company an "autonoplex," for autonomous complex. Each of the 20 divisions is independent, sends a weekly financial, statement to Cummings, who aims for them to earn a pre-tax 20% on employed capital. Two-thirds of the divisions exceed that target. The most profitable are Sara Lee, Ohio's Lawson Milk Co., Booth Fisheries, Shasta Beverages and Eagle Food Centers...
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