Word: ibm
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Dates: during 1970-1979
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...chairman got acquainted with Silverman years ago when she was an IBM vice president for communications and Government relations. She worked with Silverman, who was then at CBS, in handling IBM's debut as a television sponsor. "They complement each another," says M.S. Rukeyser Jr., an NBC executive vice president. "She's an expert in things like Government relations that he doesn't know very much about." An other intriguing question will be whether Pfeiffer's marriage will become a duet of corporate chiefs. Her husband, Ralph, 51, senior vice president and chief executive in charge...
...three R's, singly or in combination, have been shown to lift productivity in large companies such as General Motors, Texas Instruments and IBM, as well as medium-size firms. Little-known Lincoln Electric of Cleveland gives productivity bonuses that come close to equaling regular wages. One result is that productivity has risen so fast that since 1934 prices for Lincoln's products have increased only one-fifth as much as the consumer price index. Professor Grayson sees that as good proof of his thesis that higher productivity can whip inflation...
...automotive market. Goodyear, General and Firestone dominate tire sales; Exxon, Mobil and Caltex are leaders at the fuel pumps. Kellogg's cereals are found on 40% of South Africa's breakfast tables, and Otis elevators convey riders in two of every five office buildings. IBM enjoys a near monopoly in data processing, challenged only by Control Data. Even though embargoes prevent U.S. companies from selling South African manufactured goods in almost all black African markets, most of the firms are thriving on domestic sales alone. Says Dick Strain, the local head of Eli Lilly: "South Africa...
...other companies have also taken steps against apartheid. Colgate-Palmolive, which has a plant near Johannesburg, assumed most of the costs of operating a black township school in a neighboring community to ensure higher educational standards for nonwhites than in government-run schools. While a very few firms, notably IBM, have long had equal-pay-for-equal-work policies, many more companies have lately been moving to redress a particular grievance of blacks: a system of bonuses that traditionally allowed whites to earn about three or four times as much as blacks in similar jobs. Goodyear undertook a two-year...
Because South Africa has, at the latest count, only 5,000 black university graduates, IBM has been unable to find many qualified applicants for technical jobs. Hence the company last year donated $175,000 and the services of a senior manager to the University of Zululand to develop courses in data processing and systems analysis...