Word: deadwood
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When Reed took over, American Express was suffering from the impact of World War II, which had forced it to close 100 offices, slash its staff. Charging ahead with postwar expansion plans, he cut back executive deadwood, hired all the bright young men he could find, started sending G.I.s around Europe on tours months before V-E day. Under Reed, American Express traveler's check sales have climbed 20% a year (1955 total: about $2.3 billion), outsell competitors' checks three to one. Money orders, available at 24,330 outlets (v. 12,800 in 1943), have doubled. Loans...
Though Heineman will be in the strange position of a board chairman without a board majority, he is not worried. During negotiations each side became convinced that the other agreed on what North Western should do, i.e., clear out management deadwood, build up business and rolling stock, get the company solidly into the black. Heineman's first big job will be to find a new president and chief operating officer to replace Paul E. Feucht, who is convalescing from a heart attack last month...
...LOOK OF THE OLD WEST, by Foster-Harris (301 pp.; Viking; $7.50), may be the closest look of all during a year especially rich in books on the subject. Practically a how-to-do-it of western life, its drawings illustrate everything from saloon cuspidors to the Deadwood stagecoach...
...House: ¶Approved an overhauling of the State Department's Foreign Service branch to weed out "deadwood" and to attract top-grade men. One attraction: an educational allowance for the children of Foreign Service officers stationed overseas. Cost...
...Indochina, German rearmament, and North Africa all demanded prompt decision; probably no French political leader but Mendes-France would have approached them with such determination. His real concern, however, was with economic problems. Foreign policy was an unfortunate diversion, keeping him from his ambitious project of clearing the deadwood from French industry and agriculture. Largely, Mendes-France's fall was due to the personal hatreds and the petty politics of some members of the National Assembly. Mendes-France's defeat was also undoubtedly due tin part of his singular method of waging politics. Although his blunt manner won the support...