Word: businessmen
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Dates: during 1950-1959
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Said he: "I think some people are indulging in wishful thinking about their chances for fast and fabulous gains. We are businessmen, not miracle men. Of one thing I am reasonably sure: 1956 will not be as good a year as 1955." General Motors' President Harlow H. Curtice, in Manhattan to open G.M.'s 19th Motorama, agreed: while "1956 will be profitable for everyone willing to work to make it profitable," it will inevitably be "the second-best production and sales year in the history of our industry...
DECEIVING DEBTORS in order to make them pay up has been ruled out for businessmen by the Federal Trade Commission. In a case involving a Washington company that supplied forms to collection agencies and merchants, FTC found that the company was tricking debtors into giving information on salaries, jobs, etc. by creating the false impression that it was wanted by the U.S. Government or for a consumer survey. Said FTC: "Two wrongs do not make a right. The stability of business cannot be sustained by falsehood...
SMALL BUSINESS troubles have the Senate Small Business Committee worried. Though many small businessmen are doing better in personal income than their profit figures show, the committee has drawn up a unanimous report calling attention to the fact that small businessmen with less than $250,000 assets made only a 1? profit per $1 of sales in the first half of 1955 v. 7.2? per $1 of sales for big companies. Furthermore, says the committee, business failures are now up to 42 per 10,000 firms, 68% more than the ten-year postwar average, with the majority of them among...
Most U.S. executives, particularly since the President's heart attack, are uneasily aware of the mental and physical effects of overstrain. However, when they think of relaxation, the majority think in terms of strenuous, competitive recreation, such as golf. But the trouble with such sports is that businessmen tend to overexert and fret over their performance. And in recent years the golf course has become a kind of office with trees, where businessmen are as intent on arranging ways of raising their incomes as on lowering their scores. Says Norman Livermore Jr., California lumber-firm executive and onetime athlete...
SINCE Theodore Roosevelt urged Americans to "work hard and play hard," the pace of U.S. business life has accelerated so furiously that most executives find it difficult to slow down under any circumstances. U.S. businessmen not only work harder than those of any other nation; medical records suggest that they also die oftener and younger from physical disorders caused by the trip-hammer pressures of competition. More than half the businessmen who come in for checkups at Boston's famed Lahey Clinic are so keyed up that they must be warned to slow down or face heart disease, ulcers...