Word: ibm
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Dates: during 1970-1979
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...Production will soon turn up. Nixon told his news conference that the business downturn "has bottomed out." Most economists agree. They expect real gross national product to begin rising again in this year's second half, but the rise will be very slow. IBM Vice President David Grove, a member of TIME'S Board of Economists, expects the real G.N.P. to go up at an annual rate of 3% in the fourth quarter. Growth for all 1970, he thinks, will be an almost invisible 0.4%, but for 1971 he predicts...
...name means "bird song" in German), who comes from a family of Rhineland managers, is an icily efficient financial specialist with the sturdy build and wavy hair of an idealized halfback. He learned much of his management technique in two lengthy tours of the U.S., during which he visited IBM, National Cash Register, Bethlehem Steel, Republic Steel and other firms. A publicity-shy man with few outside interests, he regularly puts in a 70-hour, six-day work week. For this he earns close to $200,000 a year...
Among the biggest companies in the top ten, General Motors was No. 1, as always, in sales, followed by Standard Oil of New Jersey, Ford Motor Co. and General Electric. IBM moved up to fifth place, and Chrysler down to sixth, just ahead of Mobil Oil and Texaco. The largest gain among the big ten was made by that exclusive club's sole newcomer and only conglomerate, ITT, which scored a 34.6% sales increase, boosting it into ninth place, ahead of Gulf Oil. U.S. Steel, a member of the club since the list was first published in 1955, dropped...
Calling his hardest-lining (and fastest-working) speechwriter, Pat Buchanan, the President told him to work up a first draft from some dictated notes. As Buchanan typed into the evening, his boss kept dictating into his IBM recorder. Three more of the machine's recording tubes arrived that night. "It was the old man's speech," said Buchanan. "He knew just what he wanted...
Pollution sensors are not unique to The Netherlands. Some U.S. cities, such as New York, have tried various types since 1967. IBM is currently working on a 103-sensor network for Pennsylvania's Allegheny County (Pittsburgh). None of these systems, however, can pinpoint the source of existing pollution...