Word: galassi
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Galassi expects that it will be at least a year before his changes are reflected in earnings. The company's sales this year are expected to be below last year's $76 million, and the company will not start to break even until some time in the last quarter. For the first three months this year Underwood lost an estimated $2,500,000. But if Galassi succeeds, the reward will be great. Underwood has a tax-loss carry-forward of at least $25 million that can be applied against earnings...
...late Adriano Olivetti and his successor Giuseppe Pero (TIME, March 21) had different ideas of the way to cure Underwood's troubles. Out went Beane and most of Underwood's aging top management. They were replaced by a crack Olivetti team headed by ebullient Ugo Galassi, 47, who had organized a U.S. sales subsidiary for Olivetti...
...make Olivetti's U.S. investment pay off, President Galassi has completely reorganized Underwood. He cut $1,000,000 from Underwood's engineering program for money-losing computers, halted production of bookkeeping machines and portable typewriters, which were not competitive, and stopped bidding for low-profit defense contracts...