Word: foundered
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Dates: during 1980-1989
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That represents quite a turnaround from the late 1970s, when Ford earned a reputation for manufacturing stodgy-looking cars. Concedes Edsel Ford, 34, a product planner and great-grandson of Company Founder Henry Ford: "People thought we built boring cars." Buyers were turned off by the slab sides and flat roofs on models like the Ford Fairmont and the Mercury Marquis...
DIED. William W. Caudill, 69, architect and a founder of the Houston-based Caudill, Rowlett and Scott Group, an international architecture and construction company; of a heart attack; in Houston. The C.R.S. Group's innovative designs include the U.S. embassy complex in Riyadh, Saudi Arabia, and Harvard's Roy Larsen Hall...
...staff laboratories and executive suites throughout the computer industry. "Almost everybody in the business seems to be a former IBMer," observes William Easterbrook, an ex-IBM manager in Copenhagen who now watches the computer industry for Kidder, Peabody, a Wall Street securities firm. Illustrious former employees include Gene Amdahl, founder of Amdahl Corp. (1982 sales: $462 million), which makes large computers; Joe M. Henson, president of Prime Computer (1982 sales: $436 million), a major producer of minicomputers; and David Martin, president of National Advanced Systems, the computer unit of National Semiconductor. Former employees usually speak highly of Big Blue. Says...
Lech Walesa, founder of Poland's Solidarity movement, turned down Harvard University's invitation to address its graduates out of fear that the Warsaw government would not allow him to return home. President Derek Bok read portions of Walesa's speech, which had been delivered to the U.S. embassy in Warsaw and sent on to Harvard. "Almost daily I receive letters from unknown friends in your country, cards with wishes and expressions of good cheer. I have pondered what could link people living in such different political and social systems and so far from each other. What...
DIED. James E. Casey, 95, a founder and former chief executive officer of United Parcel Service, which he and a friend started in 1907 in Seattle with $100, six messengers and two bicycles, and which he built into a nationwide network whose 117,000 employees last year delivered 1.6 billion packages to more than 35,000 communities, earning the company more than $300 million; in Seattle. Casey was a believer in giving executives at every level a say, and a stake, in running the company. As a result of his profit-sharing plan, among the first in American business, U.P.S...