Word: grummans
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...most generous, and a 30-year man at Standard Oil of Indiana gets $343 a month. At Du Pont he gets $298, at Cities Service $297, at General Electric $266 and at A.T. & T. $224. The most generous major pensioner listed in a recent Government survey was Grumman Aircraft, whose 30-year, $400-a-month retiree can get as much as $415 a month. Among the tightest: the men's clothing industry, in which a man in the same bracket gets only...
Though most major U.S. corporations back the need for continuing education, resentment flares over high-priced experts who get company-paid degrees and then promptly switch jobs. "This is known as the honor system," says Grumman's Charles E. Mack ruefully. "The company has the honor and the student has the system." But disloyalty is not common, and most engineers hand-picked for advanced training are glad to go back to their old employers-until they need another round of schooling. It is a never-ending process. As Philosopher-Mathematician Alfred North Whitehead put it: "Knowledge keeps no better...
Four big U.S. companies-Campbell Soup, Carborundum, General Foods and Grumman-have already left Switzerland because of local restrictions. If the Swiss Parliament adopts the federal government's tough new program next month, as it is expected to, the exodus of U.S. companies is likely to increase. But the Swiss seem to prefer a possible drastic slowdown in their economy to the risk that foreigners might bring on further inflation...
...turn defense skills to producing civilian products. Lockheed has in the works such diverse products as fuel oil registers, highway bridges, ferryboats, saltwater anticorrosion systems and new metal alloys. Republic Aviation has signed up to build the British Hovercraft air-cushion vessel in the Western Hemisphere, and Boeing and Grumman are both experimenting with hydrofoil boats. Sperry Rand's defense engineers have produced a machine tool that is run by a computer, and Glendale's Electronic Specialty Co. is diversifying into heating and ventilating equipment. Ampex Corp. has reduced its military business from 62% of sales...
...find any one of the 200,000 back records that customers call for every year. As the statutes of limitations expire, old files are systematically churned into pulp. The company has also arranged separate corporate storage centers for such paper-heavy giants as Bethlehem Steel, General Electric and Grumman Aircraft, and has moved into a new field by microfilming irreplaceable company documents and storing the film in an isolated New England cave that would hopefully survive a nuclear...