Word: borges
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Collective Bargaining. Two weeks ago, a federal court jury in Pittsburgh handed down a guilty verdict. Convicted of violating the Sherman Act were American Standard, Kohler Co., and Borg-Warner Corp.-along with Daniel Quinn, Vice President Norman R. Held of Kohler and Joseph J. Decker, manager of product coordination at American Standard. Last year the other twelve companies,* the P.F.M.A. and five executives had decided not to fight the charges; all pleaded "no contest." The courts levied fines totaling $712,500, and the executives served jail sentences of from one to 30 days...
...companies that chose to fight -American Standard, Kohler and Borg-Warner-were accused of conspiring to boost the prices of bathroom fixtures, collectively regulating trade discounts and agreeing to drop cheaper lines. The charges held that an informal cartel operated from...
...against foreign investment in Japanese manufacturing firms. General Motors Chairman James Roche recently called Japan "the most notorious" of the world's industrial countries for this form of protectionism. Veiled threats of retaliation-perhaps including import restrictions on Japanese cars-have finally begun to melt Japanese resistance. Both Borg-Warner and Ford are anxious to begin producing automatic transmissions in Japan with 50% local participation, and the Japanese government is expected to approve the arrangements soon...
Detachable Head. To reduce the danger, the health-products division of Borg-Warner Corp. is using a heavy-duty plug with a detachable head that may be open for inspection. Borg-Warner has also introduced a low-voltage hand control for the patient's tip-up bed; even if there should be a leakage of current, the resulting shock would be only 16 volts, not enough to be harmful even to a very sick...
...crowd face cuts in remuneration. George Shultz says that he will be making a "very substantial sacrifice" when he resigns as Dean of the University of Chicago Graduate School of Business to become Secretary of Labor. He will also have to give up income from directorships of Borg-Warner, the General American Transportation Co., and the Stein, Roe and Farnham funds. To become Secretary of Agriculture, Clifford Hardin will receive the same base pay of $35,000 that he has been drawing as Chancellor of the University of Nebraska, but he loses his free residence...