Word: booz
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Dates: during 1940-1949
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Room at the Top. Chicago management consultants Booz, Allen & Hamilton queried 65 corporations, found that U.S. executives are now seven years older (average age: 54) than their 1929 counterparts. Other findings: average age of corporation presidents is 59 today v. 53 in 1929; senior officers now average 55, compared with 48 in 1929; junior officers average 52, compared with 46. The firm's conclusion: replacements, which were slowed down by the war, will probably be rapid in the next five to ten years...
Over in their graves whirled many dead educators recently when a remarkable criticism was leveled at the University of Illinois: "The driving force of the profit motive which characterizes American industry is lacking." This was the opinion of the Chicago firm of Booz, Fry, Allen & Hamilton, business analysts, who had been hired (for $20,000) by the Illinois Board of Trustees to look over the university...