Word: bendixes
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...thinking about getting out of wines, Seagram's (fiscal 1982 sales: $2.8 billion) was trying to figure out how to expand its wine business, which includes the Paul Masson brand. Its distilled liquor sales have been flat or falling, in part because Americans are drinking more wine. Former Bendix Executive Mary E. Cunningham, who joined the company in 1981 as a vice president of strategic planning, presented a report last year suggesting that Seagram's could reap larger profits in wine. The study mentioned three potential acquisitions, one of which was the Wine Spectrum. When Seagram...
...appalled at the inflated prices that spare-parts manufacturers are charging the U.S. Government. Companies such as Bendix, Rolls-Royce and Boeing should be forced to repay the huge profits they have accumulated from this practice...
...continuing saga of Mary Cunningham and William Agee is amusing [July 4]. The games Cunningham played while she was at Bendix are certainly familiar to big businessmen. They have been playing them for years. It is hardly news when a corporate executive steals an idea from a subordinate and passes it off as his own. It becomes noteworthy only when a woman does...
...interpreting the escapades of Bill and Mary, reporters mistakenly portray the Harvard Business School as the root of all management evil. H.B.S. is an educational, not a correctional institution. The tactics used by Agee in the Bendix-Martin Marietta acquisition debacle bear little resemblance to what we are taught at Harvard. If some of the school's better-known graduates, like Cunningham and Agee, have acquired a reputation for backstabbing, they possessed the trait long before their arrival at Harvard...
...price increases from 1980 through 1982 for nearly 15,000 aircraft engine parts and discovered about 65% of the prices had risen by more than 50%; 4,000 items had ballooned by more than 500% and some by more than 1,000%. A gear-and-pinion assembly supplied by Bendix Corp. jumped from $31.59 to $546, a rise of 1,628%. A spare part from Britain's Rolls-Royce was marked up from $3.70 to $54.75, an increase of 1,380%. Inflation over this period...