Word: co
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Dates: during 1960-1969
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...facts are summed up in a new study prepared for the nation's top five orchestras-New York, Boston, Philadelphia, Cleveland and Chicago-by the management-consultant firm of McKinsey & Co. Because rocketing costs -most notably, sharply increased salary scales-have not been met by a similar gain in income, the orchestras' combined annual operating deficit rose from $2.9 million in 1964 to $5.7 million in 1968. The loss will soar to $8,000,000 by the 1971-72 season unless drastic steps are taken...
...Morris Brown got an added $136,000. She has applied for a White House Fellowship, and hopes to spend the next year as an aide to a Cabinet officer. "I love problem solving," she says, which is why she ultimately plans to join a Manhattan management-consulting firm, McKinsey & Co...
...blacks have been badly deprived of management experience, and if we can help them over that, we can go a long way toward solving our social problems." Casten spent four years in the Marines, made money as a part-time computer consultant while in graduate school and was co-founder of a Columbia business students' counseling service for Harlem entrepreneurs. He will continue that kind of work by directing venture-capital investments, including some to low-income areas, for the Irwin Management Co. Starting salary: more than...
Jonathan Stern, 24, also New York University, stands No. 1 in his graduate business class of 470 and has been working part time at $37 a day studying property accounting for Sinclair Oil. He will now join John P. Maguire & Co,, a Manhattan factoring firm that advances money to small businesses; this will give Stern the chance to study a variety of businesses. He has other reasons for preferring a small company: "I once had an offer from General Motors, but my idol is Ralph Nader." He adds: "I think that there is more to life than earnings per share...
...hoping to succeed where Explorer John Cabot failed, announced last week that they are fitting out,the 115,000-ton tanker Manhattan as an icebreaker for a pioneering-and perilous-test run through the long ice-choked Northwest Passage to the Arctic next month. Denver's King Resources Co., wagering that the Manhattan will make it, has drafted plans to build a deep-water port in Maine's Casco Bay. That port is even closer to the North Slope than Seattle is. No Alaskan oil is expected to be delivered to any of the "lower 48" states before...