Word: busi
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Dates: during 1960-1969
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Although still in its infancy, time sharing is already being used by busi ness, government and universities. Bos ton's Raytheon Co. prepares contract proposals, and Arthur D. Little solves problems in applied mechanics through a time-sharing system run by Cambridge's Bolt Beranek & Newman. An other time-sharing firm, Keydata, will soon take up the problems of Boston distributors of liquor, books, automo- bile parts and building materials. Con trol Data, which introduced two time-shared computers last week, will open the U.S.'s biggest sharing center in Los Angeles next year. General Electric...
...thorough that one of its provisions limits mem -bership of any individual to 15 company boards, ostensibly to keep him from being spread so thin that he cannot carry out his responsibilities to stock holders. The provision has already been dubbed "Lex Abs" by the German busi ness community. Reason: It most severely restricts Deutsche Bank Chairman Herman J. Abs, who holds lucrative memberships on the boards of more than 20 of Germany's leading companies...
...which the free enterprise system can function most efficiently. He appreciates the vital distinction between Government action which stimulates the economy and that which stifles it. In meshing the disparate parts of the highly complex system, he would rather coax than coerce. Johnson has earned the trust of both busi ness and labor. He may overestimate the seriousness of unemployment; it now totals about 3,670,000-5% of the labor force. But out of that total, only some 435,000 have been out of work for more than 26 weeks. Still, Johnson attacks the nation's persistent pockets...
Over the Arm. Nevertheless, if he is to achieve Rooseveltian results, Johnson is aware that he will eventually have to risk losing some elements of the great consensus he has forged. "There will be times," he has said, "when I'll have to make difficult decisions between busi ness and labor. I know that. You have to do these things...
...tracks in a country and you want to run a train, you make your wheels fit his track." So says an executive of a firm that has prospered by learning that simple lesson well: Minneapolis' Control Data Corp., a maker of computers. The track owner of the computer busi ness is mighty IBM, which routinely scoops up 70% of the world's computer orders. By making all its equipment so that it meshes with IBM's systems-and trying to make it better and cheaper-once-tiny Control Data has risen to third place in computers (after...