Word: boardrooms
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...Washington, although it eventually became quite fond of him, never understood Charlie Wilson-and Detroit's Wilson certainly never understood Washington. The Wilson remarks that would have passed for wry banter in a General Motors boardroom became mat ters of controversy in the capital's political climate. During the closed hearings of the Senate Armed Services Committee on his confirmation, Wilson made a comment that was widely misquoted and was to dog him throughout his governmental years. According to the press, Wilson told the Senators: "What's good for General Motors is good for the country." What...
...celebrated episode of The Hucksters, the novel's autocratic soap tycoon (fictional counterpart of Tobacco Baron George Washington Hill) demonstrated the impact of the hard sell with a simple gesture: he spat on the boardroom table. In many contemporary board rooms, the demonstration might have succeeded only in getting the chairman's shoes wet. Reason: the latest trend in office design is the tableless board room...
Many another top executive sadly observes that the man who is brilliant in the boardroom is often a bore at the microphone. "Too many businessmen cannot give a speech; they have to make an address," says Chicago Executives' Club President Clint Youle, who has heard hundreds of them. "They speak on subjects so lofty they cannot say anything that has not been said umpteen times before." Furthermore, says one Florida executive, many businessmen are barely articulate, mumble in meaningless cliches (some favorites: "broadly defined policies," "hitting the mark foursquare"), talk only to each other, and say only what they...
Coming to the U.S. in 1956, Chesler bought a major interest in a company, which then acquired the Warner Bros, film library for TV and became Associated Artists Productions Corp. After a boardroom battle, Chesler signed a deal to sell 820,000 shares of Associated to National Telefilm Associates, Inc., though he controlled only 400,000 shares; later Chesler backed off and sold for a higher price to United Artists. To end a court fight, United Artists later paid $2,000,000 to N.T.A. The deal hurt Chesler's reputation on Wall Street-but it did not halt...
...Chairman Lewis Gruber, 63, rescued his aged (founded 1760), slipping company by gambling heavily on smokers' future desires. He changed the filter and blend of Kent cigarettes to cut down tar and nicotine and -as he says in the kind of phrase that sounds snappy around a boardroom table -give smokers "less of the things they have been smoking filters to get less of." Result, in the statistics that look wonderful on a boardroom chart: Kent's domestic sales zipped from 3.4 billion to 36 billion a year; Lorillard's stock went from...