Word: firmnesses
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Dates: during 1960-1969
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...ceiling was blown off by the prestigious firm of Cravath, Swaine and Moore, which announced that it is increasing its starting salaries from $10,500 to $15,000 immediately. As other New York firms rapidly followed suit last week, it seemed likely that almost no large firm anywhere in the country could afford to lag far behind. One of Cravath's partners, Thomas Barr, explained that "the decision was not made for competitive reasons. We did it because we thought it was the right thing and the fair thing" in the light of onerously escalating living costs...
...Vincent J. Manno of Manno & Romano, the newspaper brokerage firm that brought the two publishers together, the transaction represented a "new horizon for the newspaper field." In the joint announcement made by the two companies, Newark News President Edward Scudder said that "although the News has never occupied a stronger position in its field than it does today, I am convinced that the vast resources and prestige of Time Inc. will contribute tremendously to its growth and service to its readers." Time Inc.'s plans for the News will be made public when the transaction is concluded...
...worth $40 million were ordered through his services from Chatillon in Italy. Then things started picking up with contracts for six 50,000-ton tankers for Savoretti's client Ansaldo, followed by others and culminating in the Fiat deal, the largest the Soviets ever made with a Western firm...
...fields directly related to credit. Through acquisition, he has set up National Account Systems, a group of collection agencies that handles overdue accounts for banks and retailers as well as for the club itself. Another new subsidiary is Financial Services Inc., a two-year-old data-processing firm established to provide credit checks for various businesses...
This was not the first such setback for Burns, who combines his executive ability, recognized even by his critics, with rare aggressiveness - sometimes too rare for his employers to stomach. A longtime star in the management-con ulting firm of Booz, Allen & Hamil ton, Burns presided over a study of RCA's marketing problems that impressed RCA's Chairman David Sarnoff to the extent that in 1957 he hired Burns as president. The mutual admiration did not last. Under Burns, RCA became deeply involved in the computer making business, and in one year took a $100 million loss...