Word: borch
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General Electric Chairman Fred Borch, for instance, contends forcefully that the U.S. is under a handicap in competing with nations that subsidize exports as a matter of government policy. He points out that between 1960 and 1970, U.S. domestic prices rose 32% and export prices 23%. In the same period, domestic prices in Japan and Italy soared 78% and 54% respectively, but the increase in export prices was held to only 8% for each country, thanks to government subsidies and other special help. As an example of such aid, Borch points to a Japanese law that allows companies to take...
...that, quickly learned better. After conferring with a dozen top business leaders last week, Stans reported that they reached a "general conclusion" that the controls will have to be extended beyond 90 days. When newsmen caught up with some of the participants, however, they found General Electric Chairman Fred Borch "skeptical" of such a plan. G.M.'s Roche favored "some kind of wage restraint," but blanched at the suggestion of a further hold on prices. "Our industry has an excellent record of price restraint," he said...
Basic Difference. The Administration's economic management came under fire at week's end from an unexpected source: the mostly Republican corporate chiefs who attended a meeting of the Business Council in Hot Springs, Va. A panel discussion with Government policymakers exposed what General Electric Chairman Fred Borch called "a basic judgmental difference as to whether monetary and fiscal policies alone will slow down inflation. They [the Government panelists] think it will. We do not." The executives called for a variety of Government measures aimed at improving productivity in order to offset the impact of wage increases, including...
...impact of strikes. Partly for that reason, the Administration is determined to stay out of labor disputes. Labor Secretary George Shultz emphasized its stand a week before the strike at a meeting of the Business Council, the elite group of 200 business leaders headed by G.E. Chairman Fred Borch. Briefing newsmen, Shultz predicted much labor unrest ahead, but declared that the Administration would not often intervene. Then he turned to Borch and said with a sort of locker-room bonhomie: "So, Fred, don't you come around." With a bit more edge in his voice, Borch shot back...
...intends to appeal, denying that the circumstances of the present strike are the same as those of nine years ago. Whatever happens in the current strike, however, G.E. can hardly lose. The day after the workers walked out,Chairman Borch told a stockholders' meeting that prices of many products will be raised as soon as the dispute is settled. The company can then pass the price of the wage package right on to the consumers...