Word: graysons
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Mine owners will undoubtedly petition the Price Commission to let them pass on the expense of the contract to customers. Commission Chairman C. Jackson Grayson promised to examine the owners' additional costs "very closely," but coal users are almost certainly in for a hefty jump in the fuel's price-and the nation for one more loop in the wage-price spiral. The fact that it will be due largely to the cave-in of the Pay Board's business members, who are usually regarded as presidential allies, presents Nixon with a challenge almost as troubling...
...wage-price freeze of Phase I was very clearon lobbyistscome before the commission fully armed with complex cost data, which Chairman C. Jackson Grayson Jr. promises to keep secret from curious competitors and union leaders...
...will force many companies to keep much closer tab on their productivity and profit margins. Some complain that the task seems impossible. "We have never developed a productivity measure that satisfied us over the short span," says Dean McNeal, vice president of Minneapolis' Pillsbury Co. On the other hand, Grayson, as a business school dean on leave from S.M.U., appears to relish the idea of pressuring companies into stricter cost accounting...
S.M.U. trustees broke with tradition two years ago after determining that their 625-student business school was mediocre. To shake things up, they hired C. Jackson Grayson Jr., a mild-mannered man with radical education ideas who graduated from the Wharton and Harvard business schools, is fascinated by oil wildcatting and race horses, and once headed Tulane's business school. Three weeks ago. President Nixon tapped Grayson to head his Price Commission...
Intuitive Grading. Grayson believes that entrepreneurs succeed by freeing themselves from convention. So he immediately threw out all required courses except an orientation seminar that concentrates on sensitivity training and meditation. "We are interested not just in rational Western thought but in the intuitive, noncognitive approach," he says. Otherwise, students write their own course programs. Next, Grayson encouraged students to help found or run small businesses on campus. Students receive course credits for their businesses, and some agree to split any profits with faculty members who invest money or time in their ideas...