Word: ibm
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Dates: during 1970-1979
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...controversy is the Democratic leadership's call for Government controls on wages, prices, executive compensation, profits and rents. The White House is strongly opposed, and several members of TIME'S Board of Economists also doubt the value of comprehensive controls now. If controls had any effect, says IBM Vice President David Grove, "it would be to cause delays in business investment decisions. I think it would be a con game...
...reckoning of outgoing Ohio Democratic Senator Howard Metzenbaum, depressed stock market prices offer newly rich oil-exporting nations the opportunity to control AT&T, Boeing, Dow Chemical, General Dynamics, General Motors, IBM, ITT, Lockheed, United Air Lines, U.S. Steel, Xerox and ten other major companies. A 51% interest in all these firms could be bought for some $47 billion, and the 13 members of the Organization of the Petroleum Exporting Countries (OPEC) will accumulate much more surplus capital than that by the end of this year...
Despite the hardships, each year some 600 executives sign up for O.B.'s raft trips and another 60 for the more grueling ten-day hikes. In many cases the tab, ranging from $200 to $400 per person, is picked up by the company. Eastman Kodak, IBM, Gates Rubber, Adolph Coors Co., a beer producer, and Martin-Marietta regularly pay the way for their management personnel. William Coors, president of Adolph Coors, has himself scaled canyons and run rapids on ten O.B. trips. Robert H. Allen, president of Gulf Resources & Chemical Corp., has braved...
...Bell action does not foreshadow a broad antitrust drive against corporations in concentrated industries. Justice's hard-pressed, 370-member antitrust staff is scarcely able to handle the few big league cases it already has underway: the Bell case, the six-year-old suit to break up IBM, and investigations of price hikes by oil and sugar firms...
...keep awake. In all such elaborately wrought plans, for instance, the main honcho always has an incredibly neat set of plans, immaculately typed on an electric typewriter. Who does this for him? Surely he is too busy with his villainy to take the time to sit down at the IBM himself. Does he have a private secretary? Does he phone up Office Temporaries? And what happens to these worthies once they set eyes on his secret plans and type them up? It hardly bears thinking...