Word: ibm
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Dates: during 1970-1979
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...Organization Man, William H. Whyte Jr. described the management training process at IBM: "By deliberately exposing a man to a succession of environments, they best obtain that necessity of the large organization-the man who can fit in anywhere. 'The training,' as an IBM executive succinctly puts it, 'makes our men interchangeable.' " Though that corporate portrait is 16 years old, IBM proved once again last week that its leadership, like its computers, is a smoothly running assemblage of interchangeable parts...
...Vincent Learson, chairman and chief executive of the corporation for only 15 months, chose his 60th birthday to announce that he will retire next Jan. 1. He will be replaced by Frank T. Gary, 51, now IBM's president. Learson's departure, in fact, is little more than a routine management turnover. Back in 1966, when he became president, he expressed his intention of stepping down at 60. Learson will leave the corporation in brimming health; IBM's first-half net income rose 22%, to a record $618 million, on record revenues of $4.7 billion...
Beginning the day after Learson steps down, IBM will require its 37 other top officers to retire at 60. The new age limit will apply to Learson's predecessor, Thomas J. Watson Jr., who will turn 60 on Jan. 8, 1974. Chief executive of IBM for 15 years, Watson gave up that title last year after a heart attack but remained a member of the company's board and its top decision-making body, the Corporate Office. IBM's present retirement age of 65 will continue to cover the remainder of its 265,493 employees, but some...
...range of forecasts, ventured at a meeting last week, is surprisingly narrow. Beryl Sprinkel, senior vice president of Chicago's Harris Trust & Savings Bank, foresees the lowest increase: $107 billion. IBM Vice President David Grove is the high man, envisioning a $112 billion advance. Predictions by three economists who run their figures through computers-Democrat Otto Eckstein, Republican Alan Greenspan and Nonpartisan Grove-come out almost identical. They are backed by board members who use, at this early stage in the forecasting season, a "back-of-the-envelope" approach. In percentage terms, the consensus prediction works out to about...
Heinz Nixdorf, 47, has built Germany's most successful computer manufacturing company. The firm, Nixdorf-Computer, of which he is founder, sole owner and chief executive, has been competing head to head with IBM, Machines Bull (now Honeywell), Philips, Burroughs and Univac. Nixdorfs firm is the only European-based company that has consistently earned a profit from computers throughout the past two decades. Lately, the directors of one major manufacturer decided that he must be doing something right: AEG-Telefunken last December placed its computer interests in a fifty-fifty partnership with Nixdorf; the two companies have formed...