Word: businessese
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Dates: during 1960-1969
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The two major factors that have helped upset earlier estimates of the 1960 boom are the weather and the decline in the stock market. Said Virgil Martin, president of Chicago's Carson Pirie Scott & Co.: "The weather has been violently bad, and everybody has been disturbed psychologically by the...
To break up the rigid hierarchical structure that Pechiney shared with many European businesses, De Vitry gave the firm a divisional setup much like General Motors', streamlined administration, pruned departments that had only tradition to recommend them. He brought in young men, gave them a great deal of liberty...
There, as throughout Germany, hundreds of Jewish businessmen were being persecuted by the Nazis, forced to sell their businesses at ridiculously low prices to get enough cash to flee Germany. Always a man interested in a cut rate-whatever the moral implications-Neckermann took advantage of the forced sales to...
The man who gets credit for the Caravelle, and for turning Sud-Aviation into France's biggest planemaker (22,000 employees), is Georges Hereil, 50, a bluff, breezy businessman who operates his nationalized company with a free-enterprising flair. "Private or public company," says Hereil, "I've got...
By getting MATS out of the hair of the private airlines, Monroney figured Congress will re-equip it, okay development of a new U.S. cargo plane jointly sponsored by the Government and private airframe manufacturers. Says he: "I don't care whether it's pure jet or turbine...