Word: heltzer
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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...
...Stroh beer dynasty; annually, the Detroit tent awards a "Fine Mess" trophy (a phrase from a famous Hardy line)-a $15 black derby-to the man or men who have "contributed a fine mess to Detroit." (Current holders: the local weathermen.) The Minneapolis tent shelters 150 fans, including Harry Heltzer, president of the Minnesota Mining and Manufacturing Co.; members wear derbies to the meetings and hoot and holler in the best silent-film tradition. Johnny Carson prizes L. & H. for "their rapport, their genuine liking for each other." Mime Marcel Marceau calls Laurel the "maitre of all mimes...