Word: boozing
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Trans World's dissidents armed themselves heavily. They spent about $1 million on their campaign to get proxy statements explaining the breakup proposal into shareholders' hands and for a report from Booz, Allen & Hamilton, the powerful management consultant. The study showed that the sum of Trans World's parts was worth more than its whole. While TWA has not earned a profit domestically in almost a decade, Trans World subsidiaries such as Hilton International hotels, the Spartan Food Systems restaurant chain, Century 21 real estate and the Canteen Corp. vending-machine business were valuable and making money...
...This change has barely begun; about 10% of the typewriters in the 500 largest industrial corporations have so far been replaced. But the economic imperatives are inescapable. All told, office professionals could save about 15% of their time if they used the technology now available, says a study by Booz, Allen & Hamilton, and that technology is constantly improving. In one survey of corporations, 55% said they were planning to acquire the latest equipment. This technology involves not just word processors but computerized electronic message systems that could eventually make paper obsolete, and wall-size, two-way TV teleconference screens that...
...study by the Booz Allen & Hamilton management consulting firm found, for example, that business managers often spend no more than 29% of their time on actual "thought work" such as reading, creating documents and problem solving. More often, the workday gets drained away in such time-consuming and distracting activities as arranging meetings and conferences, searching for information, and waiting for the preparation and delivery of reports and studies...
During last week's hearings, Senators and Congressmen dueled with Langhorne Bond, administrator of the Federal Aviation Administration, who defended his use of consultants. Bond had been criticized by the GAO for not considering other firms before giving a $200,000 contract to the firm of Booz, Allen & Hamilton Inc. to study possible management changes at the agency. Bond pointed out, accurately, that he had not violated any policy or law, and then blasted the GAO itself as a "menace." Said Bond: "They want to create a world in which there is a perfect audit trail for every Government...
...Walter Mondale, Treasury Secretary G. William Miller, and Fraser, the Treasury dropped its earlier insistence that aid be limited to $750 million. This raises the chances that Congress will give the company more, probably in the form of federal loan guarantees. Chrysler had asked for $1.2 billion. One worry: Booz, Allen & Hamilton, the company's management consultants, suggested that even $1.2 billion might not be enough. This week Chrysler will announce a third-quarter loss of about $460 million, more than double its previous record deficit of $207 million in the second quarter. The full-year loss could...