Word: ballpoints
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...flood that had immersed the plant. Adler, now 33, has since cleaned up at pen making in an even bigger way. As president of the renamed and revivified Waterman-Bic Pen Corp., he has expanded the Milford, Conn., firm into the nation's leading manufacturer of ballpoint pens, with 20% of the industry's estimated $120 million-a-year sales and 40% of its 1.2 billion-pens-a-year output...
Last week Adler spread out with a new subsidiary, Bic Pen of Canada, Ltd., which has built a $400,000 plant in Toronto. His aim: to win nearly half of the 200-million-ballpoint-pen Canadian market within three years. Brash though that seems, it only matches the hustle by which Adler last year sold U.S. buyers 480 million ballpoint pens, almost all of them use-and-discard models priced from 19? to 49? retail. Adler keeps a quarter of his 300 plant employees busy checking the quality of parts coming off automated production lines, personally scrutinizes the daily writing...
...Haven-born Adler joined Waterman soon after graduating from the University of Pennsylvania's Wharton School of Finance, moved up quickly, became company controller at 24, treasurer at 26. He caught the eye of Chairman Marcel Bich, Europe's foremost ballpoint-pen maker, when Bich bought Waterman in 1958. "I told him, 'You've cut expenses as much as you can,' " says Adler. " 'What you need is sales.' " Bich immediately made Adler executive vice president, and after sales pushed the company into the black, Adler became president at 31. Today Waterman...
Most-$125.4 billion-of the Penta gon's portfolio is in expendable equipment and supplies, from aircraft carriers and guided missiles to ballpoint pens and jungle boots. However, a sizable sum ($38.4 billion) represents huge property holdings at home and abroad. Including everything from local reserve-unit armories to missile-testing grounds, Defense controls 27,606,219 acres in the United States. It has its biggest holdings in California (4,335,068 acres), its smallest in the District of Columbia (1,672). Its worldwide holdings cover more than the combined areas of Rhode Island, Delaware, New Jersey, Massachusetts, Vermont...
Hardly anyone can be wholly certain that his confidential conversations are not being overheard or recorded. A microphone can be hidden in a ballpoint pen, a tape recorder made to look like a pack of cigarettes, a radio transmitter planted in a sugar bowl. Despite this rapid growth of electronic eavesdropping, federal and state laws protecting individual privacy are almost nonexistent...