Word: burlington
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...boasts the top man in the $15 billion-a-year textile industry: North Carolina's young-looking, wiry (5 ft. 10 in., 143 Ibs.) J. Spencer Love, 63, who sewed up a bunch of middling mills into one efficient producer called Burlington Industries, world's biggest weaver. By bringing in modern machinery and management and gambling heavily on the wonder synthetics, Spencer Love boosted Burlington's sales from $651 million in fiscal 1958 to $805 million in 1959; in fiscal 1960's first half (ending March 31) profits will almost double, to about $17.5 million. More...
CHAIRMAN Love has increased Burlington's productivity by well over 20% since 1956. His formula: Spend just a bit more than the next fellow. To expand and improve in the past decade, he anted up some $350 million, well above the industry average. Love also kept his wage bill under control by paying a bit more than the textile average, which at $1.58 an hour is the lowest of any basic industry. That way he fended off both unions and strikes in almost all his 123 plants from South Africa to California...
Chicago's Burlington railroad, rich from freight, modernized its passenger trains in 1948, then asked for a fare hike. Commuters were so pleased by the improvements that they even wrote letters to the Illinois Commerce Commission backing the request. Four more increases also went through smoothly. The Burlington hopes to slip into the black on commuters this year. Even if it fails, it feels that its commuter losses add up to a modest price to pay for the public's good will. Says the Burlington's president, Harry Murphy: "We've got to serve the commuters...
Shifting Position. In Rochester, N.Y., Clarence A. Smith, 75, retired after 25 years as Monroe County manager, a job he voted against creating 25 years ago because "it gives one man too much power." Advertising Code. In Burlington, Colo., the Record ran a sales ad: "Several thingamabobs that look like, well, you know, those doobiddies that sit on the flingey-dingey. Very special price on these...
...tale of the two mayors began innocently enough after Burlington's Mayor Fitzpatrick, 51, and Rutland's Mayor...