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...Norma sold decorative strings of chile peppers on the street in El Paso, Texas, the company within a decade was selling $1.5 million annually of food products such as salsas. But operations were tilting out of control, so mother and son brought in Kerr's brother-in-law Sean Henschel, a management consultant, to run things. Park's sister Monica also came to work in the company...

Author: /time Magazine | Title: Growth Drives Family Firms Crazy | 3/19/2001 | See Source »

Business got better--and work worse--Henschel says, when "we started growing like a rocket." Henschel hired professional managers: a head of operations, a national sales manager, a controller. "These people picked up the ball and ran with it," Henschel says. Kerr, on the other hand, played defense, frustrating them at every turn. "I'd think, 'Goddammit, it's my business, and I'll do what I want,'" he says. "I'd rather drink bleach than go to a team meeting...

Author: /time Magazine | Title: Growth Drives Family Firms Crazy | 3/19/2001 | See Source »

Soon everyone in the family was talking, but not to one another. Rumors flew. "I told Park, 'It's over; I want out,'" says Henschel. At this point, they called in Bright. She interviewed each person before gathering them for a three-day smackdown at an El Paso hotel. There was yelling about devious motives; there were tears. There was plenty of salsa...

Author: /time Magazine | Title: Growth Drives Family Firms Crazy | 3/19/2001 | See Source »

...area of technological development. Japan Railways Group (JR), the leader in the Japanese development, uses a design that relies on magnets made with superconductors, the extraordinary materials that carry electrical currents without resistance. The West German model, known as the Transrapid and built by a consortium that includes Thyssen Henschel, Messerschmitt, Bolkow-Blohm and Krauss Maffei, uses conventional electromagnets. The West Germans stopped using superconductors in 1979, convinced that the technology was out of reach. Thus, if the Japanese can get their design into marketable shape soon, they could build a lead in the vital field of superconductors and establish...

Author: /time Magazine | Title: Technology: Floating Trains: What a Way to Go! | 8/22/1988 | See Source »

Edward C. Henschel...

Author: /time Magazine | Title: Letters: Songs Of Spirit | 5/18/1987 | See Source »

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