Word: ibm
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Dates: during 1970-1979
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...however, David Grove, a vice president of IBM, foresees growth in real G.N.P.-that is, production discounted for price boosts-slowing to a meager 2.2%, from 6.4% this year. In the second and third quarters, he predicts, real G.N.P. will rise a shade less than 1%. Corporate profits in 1974, he believes, will drop 3½% below 1973, in painful contrast to a 23% leap this year over 1972. Otto Eckstein elaborates on some of the reasons: housing construction is dropping, runaway auto sales are bound to fall, and a decline in retail sales is "inevitable...
Perot, the son of an East Texas cotton and cattle trader, apparently genuinely believes that philosophy. In 1962 he quit a safe job as an IBM computer salesman to work for Blue Cross-Blue Shield and to start his own computer software company, Electronic Data Systems. By 1969 it had grown enough to make Perot a billionaire at the age of 39. That left little danger; so Perot, who might be described as a mixture of Billy Graham and Don Quixote, has sallied forth to rescue Wall Street from the dragons plaguing it. In 1970 he heeded pleas from John...
...asked for our reaction to Harvard's "IBM policy," namely that Harvard would condone corporate support of morally repugnant governments (South Africa), if the company provided employment for some black Africans; he even suggested that oil companies could help black Angolans by teaching them to speak Portuguese. Thus he reasoned that the "net effect" of corporate activity would benefit blacks. How can reasonable men, dedicated to social responsibility draw this conclusion? The white South African government is dedicated to oppressing black South Africans in every possible way. How can millions of dollars in tax support to that government, weighted against...
...IBM has assured Harvard that it will disclose statistics on its black South African workers' salaries and opportunities, the main category of information the ACSR had asked for, Calkins said...
...subcommittee said it thought the IBM proposal for shareholder nomination of directors was insufficiently considered, and that "the appropriate method of change" may be through revised Securities Exchange Commission rules rather than shareholder resolutions in individual companies...