Word: inlanders
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Joseph L. Block, chairman. Inland Steel...
...This is no time to rock the boat. There are too many alligators in the water." At such times, the tendency of unions is not to press for higher pay but for increased job security. Even management agrees that the union attitude has changed. "Our experience this year," says Inland Steel Negotiator William Caples, "has been that the unions have been pretty realistic and generally easy to get along with...
Chambers, a financial wizard trained at the University of London's School of Economics and polished at the Inland Revenue Board, obstinately foug1' his way back to grace. The Courtauld venture had rewarding side effects: the worth of the Courtauld stock held by I.C.I. soared after the quarrel, from $173 million to $268 million. More important. Chambers made some hard decisions inside I.C.I. He cut its 99,000 employees by 5%, trimmed costs to the point of printing its annual report in newspapers rather than sending copies to almost 475,000 shareholders. The company also stepped...
...horses and barns its floods destroyed by winter. Today, more than two-thirds of its 900-mile length is virtually one tamed and tranquil lake. Hundreds of recreation sites occupy the valley's 10,000 miles of shoreline. Its waters provide one of the world's finest inland recreation areas, yield fishermen some 10,000,000 Ibs. a year of 23 species of fish...
...coal seams at Inland's mines are similar to those in the truck mines. They are more productive because Inland decided about eight years ago that the only way to compete was to mechanize. That decision has caused the work force to shrink by almost 90 per cent, but the company has let natural attrition rather than firing take care of the depletion. Operators of the truck mines note that Inland was able to mechanize because it was assured a market--Inland's steel plants--and because the company had large capital resources. Regardless of the reasons, though, Inland...