Word: bendixes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Still more Bendix rumors...
...most measurements, Bendix Chairman William Agee, 44, is the very model of a modern chief executive. During his four years at the helm, he has sold off less profitable operations, streamlined management and made several successful investments. More remarkably, Bendix has prospered despite the recession that afflicts two of its main businesses, automobile parts and machine tools. While competitors floundered in 1981, Bendix revenues for its fiscal year rose to $4.4 billion. Profits jumped 136% to $453 million...
Chief among the complaints are Agee's magisterial management style. He refused to make room on the Bendix board of directors for the man who preceded him as chairman, W. Michael Blumenthal, after Blumenthal resigned in 1979 as Carter's Treasury Secretary. Then when Blumenthal was named vice chairman of Burroughs Corp., another Detroit area company (1981 sales: $3.4 billion), Agee reportedly tried to get himself the job as head of the computer manufacturer. Agee also considered buying Burroughs outright. Along the way through those maneuvers, he forced three Bendix board members to resign because of their ties...
...early days of U.S. aviation; in Washington, D.C. A friend of Amelia Earhart's, Noyes took John D. Rockefeller for his only plane ride, in 1930. A stunt flyer, she also competed in numerous air races and was a co-winner with Louise Thaden of the grueling 1936 Bendix Trophy race...
...members at Stanford and the University of California at Berkeley introduced an ingenious corporate structure to regulate funding and profits with less danger of compromising research priorities. They created a nonprofit Center for Biotechnology Research and have already raised $2.4 million from six major corporations, including General Foods and Bendix, to fund research. If the research develops into fruitful ventures, profits will come under the jurisdiction of a separate company called Engenics. Since the center owns 30% equity in Engenics, those profits will enable the center to aid university research, no strings attached. Says Harvey Blanch, U.C. professor of chemical...