Word: ibm
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Dates: during 1960-1969
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...expects to provide artists with the scientific savvy to produce even more far-out art. Among EAT's first private backers, each of which has put up $1,000 to encourage the liaison between art and industry and will lend its technicians to the cause, are A.T. & T., IBM and the A.F.L.-C.I.O...
...fatalistic sense of humor also helps. IBM executives like to joke that their corporate initials stand for "I've Been Moved." "We're in the business of landscaping for other people," cracks Frank Allston, who has moved six times while working for General Electric's press-relations department. "We seed lawns and plant shrubbery-and then another family takes the house." Adds another constant mover: "There are three ways of assuring you'll be transferred: finish building a house, buy a new house, or have your wife pregnant...
...overseas executive suites. Lately, however, laboring for the Yankee dollar has begun to lose its stigma. Last week, in one of the year's more remarkable personnel coups. International Business Machines landed the Earl of Cromer, former governor of the Bank of England, as chairman of its subsidiary IBM United Kingdom holdings...
After leaving the Bank of England, Cromer returned to his first love, as a managing director of Baring Brothers, oldest (established 1763) and among the most powerful of British merchant banking dynasties. Cromer will keep that job, and his new associates should profit from the Establishment connection. Though IBM dominates computer-making in the U.S. and the rest of Europe, it has snared only about a third of the British market...
...legitimate tournament, the $50,000 winner's check did not count toward Nicklaus' official 1967 earnings, which last week stood at $156,748. But together with his other money-from exhibitions, endorsements, TV and radio shows, royalties on golf clubs and clothes, stocks (Polaroid, Zenith, IBM), real estate and Louisiana oil-it pushed his total annual income toward another nice round figure...