Word: booze
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...developing a neighborly solution of their own. Nine banks in Hartford, Conn., plan to share a computer center; small banks in New York and Kansas are also taking up the idea. Such centers should make smaller banks competitive with big ones. The Hartford pool, designed by Chicago's Booz, Allen & Hamilton, will start in July, handling overnight all the deposit, savings and installment loan accounting for the nine banks. Each bank will simply have its entries typed up in special magnetic ink. At the close of day a truck will pick up the records and whisk them...
...they will begin showing some savings-though they won't estimate how much. Besides whittling their direct costs, the nine banks will also clip a day off their old account posting time, be able to offer better and cheaper service to customers. Programming ahead for the computer pools, Booz, Allen's Neal J. Dean, partner in charge of management information systems, sees the day when all banks will cease being banks as people know them and become a network of computer-run "financial utilities." When that day arrives, the depositor may not even get a glimpse...
Long Gains. Foreign investment is a two-way street, and the U.S. is by no means getting the worst of the bargain. Booz, Allen figures that U.S. income from private investments abroad has topped outflow by $7.8 billion over the past decade. Says Booz, Allen Partner C. Wilson Randle: "Income on foreign investments is-next to exports-the largest single source of income in the U.S. balance of payments...
...week rejiggered its top management. Out as president of the kaleidoscopic Radio Corp. of America went John Lawrence Burns, 53, who took on the $200,000-a-year job under a ten-year contract less than five years ago. A top-drawer management consultant, Burns came to RCA from Booz, Allen & Hamilton, where he had been rated an expert on the problems of running big corporations and had included RCA among his clients...
...Sarnoff-got his University of Minnesota degree (class of '23) in electrical engineering, has long been associated with developing RCA's color television, a pet Sarnoff project. A top contender for the presidency back in 1957 when Burns was brought in from Booz, Allen & Hamilton, Engstrom is a skilled corporate strategist, had already been given all of Burns's responsibilities except supervision of the National Broadcasting Co. weeks before the formal changeover was announced...