Word: boozes
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Dates: during 1960-1969
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Behind the rising clamor against overseas business ventures lay the fact that U.S. direct long-term investment abroad, which now stands at $34 billion, is increasing at an ever-mounting rate. Last week the management consultant firm of Booz. Allen & Hamilton reported that between mid-1960 and mid-1961, U.S. companies started 653 new businesses overseas, mostly in chemicals, machinery, food, and transportation equipment. Western Europe attracted more than half the new businesses, followed by Latin America and Asia. This year, the Commerce Department estimates, U.S. companies will spend $4.5 billion on overseas plant and equipment...
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...
...Chicago's Booz, Allen & Hamilton, the famed management consultant firm (with a big New York office), considers its prime business to be diagnosing a company's ills, but will also find new executives to help cure them...