Word: departmentalizing
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Dates: during 1950-1959
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Even chemists had to give the drug a less jawbreaking name than N-isopropyl-2-methyl-2-propyl-1 ,3-propanediol dicarbamate, hit upon "carisoprodol." That was still too much for Wallace Labs' savvy marketing department: they are calling it Soma.
The rush to buy sent manufacturers' sales in April smashing through their pre-recession peak, reported the Commerce Department last week. Sales reached $30.2 billion v. $29.1 billion in March, and new orders also set a record by climbing $800 million above March. For this reason-and other signs...
U.S. DEBT LIMIT boost of $7 billion will soon be requested by Treasury Department to make up for current budget deficit and lag in corporate tax receipts next fall. It will ask that $288 billion temporary debt ceiling be raised to $295 billion, but hopes budget will balance in 1960...
RED-TRADE POLICY is being stiffened by Commerce Department, which approved only $6,626,960 of $21.8 million in applications for Soviet-bloc exports during first quarter this year v. $10,213,000 in last quarter of 1958 out of $16 million in applications. Among items banned: polyethylene, carbon-welded...
Blough streamlined the legal department, went on to important roles in labor negotiations, financing, a hundred other tasks. Within ten years he had scrambled through the corporate hierarchy so fast that when Ben Fairless shifted over from president to chairman in 1952, a special post of vice chairman was created...