Word: buchsbaum
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Apparently, Harvard's major weakness--a lack of depth due to injury--hurt. Six players, Hooft, Alex James (12 points, 5 rebounds), Andy Buchsbaum (8 points, 6 rebounds), Rick Bengel (7 points, 6 rebounds), Charlie Baker and Ray McGuire played most of the game and seemed to tire during the Dartmouth surge...
...shot up a whopping $28.50, thanks to a $17 jump Thursday, to close at a record $496.50 per share. But the industrials are catching up, partly because cash-heavy institutional investors (notably mutual funds) are upping their purchases. "The more the glamour stocks go up," explains Richard Buchsbaum, research director at W. E. Hutton & Co., "the cheaper the blue chips look...
...Buchsbaum was still determined to break the strike until he faced a committee of employes across a conference table. He told them that he opposed unions because they limited production. They answered with a flood of suggestions for increasing production by eliminating inefficiencies. Said Buchsbaum: "I could see how I could save thousands of dollars. . . . They had my interests at heart - as well as their own." In a flush of enthusiasm he granted the union the checkoff, a 5?-an-hour wage increase, and the right to examine the company's books...
...Pattern. The new spirit of cooperation enabled Buchsbaum and Laderman to work out specific problems. Example: when friction developed between anti-union foremen and union members, Buchsbaum agreed to fire a troublemaking foreman, the union agreed to let him fire troublemaking union men. And with union chairmen handling shop discipline, foremen were free to supervise actual production. The company now has only one foreman for each 100 workers (v. one for 20 workers before unionization). Thanks to war orders - and lately expansion into new products - the dollar volume per worker (1,600) has tripled. The gross will be about...
...Buchsbaum's quick settlement of its major problems, said the report, could not serve as a pattern for most U.S. businesses. There were special factors which enabled Buchsbaum to make such a rapid change. The company was small, relationships close, one man was in a position to make all decisions. The union leaders were intelligent, reasonable and honest...