Word: borg
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Dates: during 1950-1959
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JUDSON S. SAYRE, president, Norge Division of Borg-Warner Corp.: "Overall appliance volume will probably end up in 1957 as good or better than...
...Regis Paper Co. and Union Bag-Camp Paper Corp.; profits were also down for Crown Zellerbach Corp. (66? a share v. 1956's 86?), Scott Paper Co. (66? v. 72?) and Allied Paper Corp. (90? v. $2.30). High costs of labor and materials hurt Crane Co., Borg-Warner Corp., Carborundum Co., and Owens-Corning Fiberglas Corp...
...businessmen weighed the evidence last week, took note of the countermoving inflationary and deflationary forces, few saw any reason for pessimism about 1957's business prospects. Some predictions: ¶ Borg-Warner Chairman Roy Ingersoll, who is spending $26 million for expansion this year: "We have good reason to anticipate improvement in 1957 in many of the industries which Borg-Warner serves. Sales are on the upcurve in automotive and farm-equipment parts, chemicals, aviation components and oilfield tools." ¶General Shoe Corp. Chairman W. Maxey Jarman: "People are buying freely. Employment is good. Retail business will definitely...
Sins of Bigness. This trend to bigness is criticized by some of the bigwigs. One of the strongest voices is that of Judson Sayre, who as Bendix president in 1941-55, probably did more than any other man to promote the automatic washer; he now heads Borg-Warner's fast-growing North Division (1955 sales: about $129 million, triple the 1953 volume). Says Sayre: "The industry has been committing every sin in the book. Some of the giants have a policy of 'buying off' key markets. They have been moving appliances through big dealers who operate...
...Robert S. Ingersoll, 42, was elected president and chief operating officer of Borg-Warner in a top echelon reshuffle at the auto-and aircraft-parts company. He succeeded his father, Roy C. Ingersoll, 71, who relinquished the presidency after six years, but remains as board chairman and chief executive officer. Young Ingersoll joined the company in 1939, during the war spark-plugged BW's amphibian-tank project, became an administrative vice president...