Word: firming
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Dates: during 1980-1989
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Harvard's plans for the site include 80 rental units for Harvard affiliates, 10 to 12 units of low-cost housing and a child care center, according to The Harvard Gazette. The Boston firm of Goody, Clancy, and Associates has prepared the plans for the two additional buildings Harvard will construct, The Gazette reported...
Investors had barely settled into their chairs at the annual meeting in London of Saatchi & Saatchi, the world's largest advertising agency, when Chairman Maurice Saatchi unloaded his uncomfortable secret. The firm's profits, he said, will slump during 1989 for the first time since the agency was founded 19 years ago. Said he: "It's going to be a tough year." Stunned by the abrupt reversal at the juggernaut company, analysts slashed their predictions of its 1989 profits from $280 million to about $165 million. The company's stock plunged, falling more than...
Maurice Saatchi attributed the setback to a falloff in the firm's consulting business, along with a decline in U.S. advertising spending. But many investors suspect that the British firm's overall strategy of pell-mell growth, including the takeover of the Ted Bates Worldwide agency for $450 million in 1986, may have created an unmanageable corporate sprawl. After many of Saatchi & Saatchi's takeovers, the acquired firms have lost both executives and clients. Last week's announcement suggests that for Saatchi & Saatchi, building an empire was easier than ruling...
...device for consumers next year. Within a few years, biometric security systems may be incorporated into automated-teller machines and employed at checkout counters to verify that a person is not using a stolen credit card. "In time," predicts Joseph Freeman, head of a security market-research and consulting firm in Newtown, Conn., "you'll be able to touch a spot on your steering wheel and start your...
...system could put a woman on a slow track for a whole career, even though the critical child-rearing years constitute only one brief phase of her life. Says Jayne Day, mother of a six- year-old daughter and a partner in the Manhattan office of the accounting firm Peat Marwick: "How, at age 25, is anyone going to make a personal decision about what track to be on? Firms need to be more open and flexible...