Word: heltzer
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Dates: during 1970-1979
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...except for Herzog himself, 3M's top echelon has, in fact, stepped down in scarcely one year. In February, Chairman Harry Heltzer gave up his post as chief executive after paying a federal fine for engaging in unfair political campaign practices; he will not run for re-election to the board in May. Bert S.Cross, a former chairman who is head of the finance committee, has with drawn from active management and will quit the board in May. Financial Vice President Irwin Hansen, who faces a possible prison sentence on federal tax-evasion charges, resigned last November...
...have traveled this world over thoroughly," says Harry Heltzer, chairman and chief executive of the St. Paul-based 3M Co., "but I've never seen a place I would rather live. I can be home in 20 minutes and feed deer, ducks and geese in my yard." Indeed, one personnel problem in the large corporations is that executives transferred to Minnesota are so reluctant to leave that they would often rather quit and find other work there than accept a retransfer. Steve Scarborough, a young Honeywell engineer who turned down a promotion two years ago because it would have meant...