Word: inc
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Dates: during 1980-1989
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...plagued with problems during development, and costs have now reached $2.43 million apiece (compared with $1.2 million for the M-60). The main problem was that the 1,500-h.p. turbine engine was prone to break down. Philip W. Lett, the tank's chief engineer at Chrysler Defense, Inc., concedes: "We still have to prove the engine's durability." But Chrysler now feels confident the tank will perform as planned...
DISPATCHED FROM Riyadh, Saudi Arabia, the three page telex arrived in the officers of two dozen senators the morning of October 28, 1981. Signed the night before by 22 corporate executives on a tour of the Middle East and Eastern Europe sponsored by Time, Inc., the telegram strongly urged the wavering legislators to vote that afternoon for the sale of AWACS aircraft to Saudi Arabia. Senate rejection of the electronic reconnaissance planers, it argued, would "severely damage U.S. credibility in [the] Arab world...
...crazes and entrepreneurs sometimes come together with timing worthy of the Great Wallendas. Such was the case with the fitness mania and Phil Knight, 43. His company, Nike Inc., of Beaverton, Ore., now designs and sells $500 million worth of shoes a year. Nike sells shoes for jogging, basketball, tennis, football, baseball, soccer, volleyball, wrestling, hiking and even just walking...
...Nike Inc. essentially grew from there pushed along mainly by Knight's marketing savvy. Knight and Bowerman came out with a shoe they had designed in time for the 1972 Olympic trials that were held in Eugene, Ore. They got marathoners to wear them and proudly advertised that Nikes were on the feet of "four of the top seven finishers." Nike's ads neglected to mention that runners wearing West Germany's Adidas shoes placed first, second and third...
Fylstra was fascinated by computers, so much so that fellow students at Harvard presented him with the "Daniel Fylstra Computerized Universe Award." Between M.I.T. and the Harvard Business School, he worked for a year as an engineer at Intermetrics, Inc., in Cambridge, Mass., designing software for NASA'S space shuttle and for the European Space Agency. That large bureaucracy, with its predictable snafus, coupled with his own lack of influence, persuaded Fylstra to strike out on his own. Says Fylstra: "I always felt uncomfortable with the system, with the conventional way of doing things...