Word: departmentalizing
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Dates: during 1960-1969
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In corporate-merger warfare, the political counterattack has lately become a favorite weapon. Established companies have been delighted by the many federal investigations of upstart conglomerates and by the Justice Department's legally adventuresome crusade against them. Last week Justice's chief trustbuster, Richard McLaren, struck an unexpected...
The task force also proposed a "Merger Act" that would bar some large conglomerate takeovers, but not others. Under its complex formula, the Justice Department might have been unable to file some of its recent anti-conglomerate lawsuits, either because the companies were too small or the industry too fragmented...
The Corporation sets the example by not distributing the bulk of the income from the endowment, but each department follows suit by cautiously not spending all of the income allotted to it. The Faculty as Arts and Sciences, for example -- although the hardest hit by the financial squeeze from the...
But against such a policy is an argument not yet touched on which is expounded by the University at great length in the booklet on its resources. In itself, the argument comprises the keystone motto of Harvard's institutional ideology: "Every tub on its own bottom." What this means financially...
Every tub on its own bottom. The university . . . will given all the help it can. Yet the choice that faces all Deans or Department Heads is clear: in respect to any new programs, either find new resources, or go without. In respect to the increasing trend of operating expenses, either...