Word: corp
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Dates: during 1970-1979
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...industry. The relative success of BP also dramatizes the value of letting proficient managers alone. Any attention focused on BP inevitably brings to mind the contrasting inefficiency of businesses controlled by the government in fact as well as name, such as the National Coal Board and the British Steel Corp...
...market in Citizens Band radio equipment; CB enthusiasts accounted for almost 25% of the chain's $742 million in revenues last year. Experts forecast sales this year of at least ten million of the new CB models, and Radio Shack is set to take home to its parent, Tandy Corp. of Fort Worth, an increasing share of the industry's profits. With its sales of hi-fi and stereo equipment also booming, the chain is expanding at a pace that puts it further and further ahead of its closest rivals. Lafayette Radio Electronics, for instance, was once bigger than Radio...
...driving force behind Radio Shack's success is Tandy Corp.'s chairman and president Charles D. Tandy, 58, a Texan who attended Harvard Business School, sold war bonds while serving in the Navy, then went into the family leather-goods business at the end of World War II. He bought the small Boston-based Radio Shack chain 13 years ago, when it was $1.5 million in debt...
...decade of solid but fairly slow growth, the chain suddenly took off; between 1972 and 1976 the number of stores more than tripled. During the company's fiscal year ending last June, profits rose 120%, to $64 million. Radio Shack indeed has almost taken over its parent firm. Tandy Corp. has spun off most of its other businesses into separate companies chaired by Charles Tandy, and now has only minor operations other than Radio Shack...
...policies (the insurers had a self-interested motive for agreeing: if GEICO had gone bust, they would have been assessed to help pay claims against its policyholders). That provided time, and cash, for GEICO's new chairman, John J. Byrne, 45, who had been hired from Travelers Insurance Corp. in May, to begin an overhaul...