Word: inc
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Dates: during 1980-1989
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...TIME editors, correspondents and company officers, were Robert Anderson, Chairman, Rockwell International Corp.; John R. Beckett, Chairman, Transamerica Corp.; James F. Beré, Chairman, Borg-Warner Corp.; Theodore F Brophy, Chairman, General Telephone & Electronics Corp.; Philip Caldwell, Chairman, Ford Motor Co.; Albert V. Casey, Chairman, American Airlines Inc.; Richard P. Cooley, Chairman, Wells Fargo & Co.; Donald W. Davis, Chairman, Stanley Works; Edwin D. Dodd, Chairman, Owens-Illinois Inc.; Myron DuBain, Chairman, Fireman's Fund Insurance Companies; Alexander Heard, Chancellor, Vanderbilt University; Henry J. Heinz II, Chairman, H.J. Heinz Co.; Matina S. Horner, President, Radcliffe College; T. Lawrence Jones, President...
Baer and Doms. Inc.--the Western Front...
...fastest growing trading organizations is Barter Systems Inc. of Oklahoma City. Founded five years ago by three men who had run small swapping clubs, the company now has 62 trading centers around the U.S. that arranged for $100 million worth of barters last year, up from less than $1 million during its first year of business. One Barter Systems missive to some of its 25,000 clients earlier this year: WANTED: $300,000 WORTH OF DRIED MILK OR CORNFLAKES, IN RETURN FOR AN AIRPLANE OF EQUAL VALUE. In another case, Barter Systems helped a tire company trade a jet airplane...
Inflation and high interest rates are the biggest spurs to bartering. "Barter is a booming business because of the economic climate," says Moreton Binn, 45, chairman and chief executive of Atwood Richards, Inc., of New York, the nation's oldest (1958) and largest bartering organization...
Last year Binn's company made about $220 million worth of deals, many involving major corporations. Among his clients: Rolls-Royce, Uni-royal and Chesebrough-Pond's. One swap involves the Cosco Chemicals Co. of Indianapolis, a division of Kidde, Inc. Cosco is boosting its production of cleansing products by about 20%, trading the cleansers to Binn for $500,000 worth of services including TV and radio advertising time. Binn plans to trade the cleansers to Hilton and Sheraton hotels, receiving in return room spaces plus food and bar credits, which he will offer to other Atwood Richards...