Word: ferguson
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Five years ago Toronto's Massey-Ferguson Ltd. was on the brink of bankruptcy. Dragged down by unwieldy inventories and a slumbering dealer network, the 115-year-old implement manufacturer in 1957 lost $4,700,000 on $400 million worth of sales in five continents. This week Massey-Ferguson will happily report on its performance for the first half of fiscal 1962. With business up 15%, the company is expected to show sales of about $263 million and profits well above last year's first half net of $6,000,000. The secret of this rejuvenation: a change...
...Argus Corp. Ltd.. an aggressive Canadian investment trust. Argus, after getting a controlling interest in the company, put in as president Albert A. Thornbrough. a onetime farm boy from Kansas who was one of the assets Massey acquired when it merged with British Inventor Harry Ferguson's tractor company in 1953. Thornbrough promptly set the company on a new course. North American farms, he reasoned, were now so heavily mechanized that they must be considered a "mature" market. The real growth opportunity lay in the rest of the world, where agriculture was still heavily dependent on human labor...
...result of Thornbrough's accent on overseas markets has been spectacular: Massey-Ferguson is now No. 1 in farm implement sales in Britain, France and Scandinavia and accounts for virtually the entire tractor market in such emerging nations as Ghana, Ceylon and Nigeria. Thornbrough has also revitalized Massey's U.S. distribution system with aggressive new dealers and installed a centralized computer control system to keep track of spare parts across the continent. M-F has climbed from seventh place in North American implement sales in 1957 to third (after Deere & Co. and International Harvester) today...
...William Scott Ferguson prizes 1961-63 have been awarded to Charles R. Bush '64 (first prize) and William F. Pedersen Jr. '64 (second prize). The two sophomores was books for outstanding essays written as part of the tutorial assignment...
...Faculty of Arts and Sciences Dunbar, C. F. 1890-95 Peirce, J. M. 1895-98 Smith, C. L. 1898-02 Briggs, L. B. R. 1902-25 Moore, C. H. 1925-31 Murdock, K. B. 1931-34 Birkoff, G. D. (Acting) 1934-35 Brikhoff, G. D. 1936-39 Ferguson, W. S. 1939-41 Buck, P. H. 1924-53 Bundy, McG. 1953-61 Mason, E. S. (Acting) 1961 and Pusey, N. M. (Acting...