Word: galvin
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...coequal with Father Fred Jr., 80, Federated's chairman. Ralph now does most of the traveling, makes most of the decisions, and is chiefly responsible for the first $1 billion sales year in Federated's history. Since his father died in 1959, Motorola Chairman Robert W. Galvin, 42, has increased sales 43%, introduced such profitable lines as color TV and space communications equipment. As president of family-held Anheuser-Busch, Inc., and the son and grandson of presidents, August A. Busch, 66, has made his company the nation's leading brewery, is gradually turning over responsibilities...
...LeSuer, a disillusioned Democrat, "there's some federal man in here telling me what I've got to do. Hell, I spend 60% of my time making out infernal forms that if I don't make out they can arrest me for." To Chicago Industrialist Robert Galvin, chairman of Motorola Inc., it amounts to a resistance to being "averaged down...
...this, Bob Galvin skillfully built the broad diversification begun by his father. The company pioneered the transistor radio, now also manufactures auto alternators and ignitions, electronic speedometers, hi-fi consoles, and exotic semiconductors and solid state devices used to measure and control industrial operations. Last year it introduced a 23-in. rectangular color-TV tube, slimmer and more compact than previous round tubes; it expects to sell 100,000 this year, has jumped to third place in dollar volume of TV sales. "Once we identify ourselves with a field," says Galvin, "we make a determined effort to be dominant...
...When Galvin two months ago moved up to chairman to concentrate on long-range planning (he remains chief executive), he was succeeded as president by Elmer Wavering, 57, who, like many other Motorola executives, joined the company in the early car-radio days...
...Galvin works easily with his executives, most of whom are much older than he. At Motorola's shiny Franklin Park, Ill., headquarters, where even the chairman works in shirtsleeves, he sees division heads intermittently, allows them full rein to handle engineering, production and sales and make significant decisions. "The most important factor motivating a manager," says Galvin, "is his sense of proprietorship. The man who is given the greatest hand to determine his own destiny will try the hardest. It is fair to say that this is a rather different approach to management." It is also fair...