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...retirement from 65 to 70 will leave less room at the top for aspiring younger people and, some managers fear, could lead to a sclerosis in the executive ranks. Denmark has produced a partial answer to these problems. Nicknamed "decruitment," it involves recycling older middle and top managers to lower-level jobs...
Carter is expected to stress his pay-freeze suggestion when, in a week or so, he begins meeting on a fairly regular basis with business leaders at the White House. One result of any restraints on the top executives' income is that raises for lower-level managers would be pinched to preserve the traditional pay gap between echelons. Further, there is some question about the effectiveness of a freeze. A worker making $10,000 or $15,000 will not be overcome with a need for sacrifice upon hearing that an executive earning $400,000 is forgoing a raise...
...brokers and the bank set up 14 dummy corporations to acquire the 30 separate parcels involved. So closely was the secret held that when one of the dummy companies set up by the bank's top brass sought a loan to buy a parcel of the block, a lower-level Citibank officer turned it down. Chuckles Wriston: "He didn't know who he was saying...
...into play a high-powered anti-union consulting firm, operating out of Chicago, going by the ominous name of Modern Management Methods, Inc. There are federal laws forbidding employers from hiring this kind of firm to persuade workers directly, but there is no law saying consultants cannot work with lower-level hospital administrators to help them most effectively represent to workers the hospital's opposition to unionization. When Congress belatedly placed hospital workers under the protection of the National Labor Relations Act in 1974, it intended that the law should aid unions' efforts. But unfortunately most of the lawyers...
...rapid rise from refugee to corporate leader, accepted. "I brought more business experience to the table than Blumenthal had," Agee says unblinkingly. At Bendix, Agee helped to install what he calls "early-warning systems" in budgetary planning to forestall "unpleasant surprises." He joined Blumenthal in leaning hard on lower-level executives to meet high profit goals. By December 1976, the boss was so impressed that he abolished the troika of No. 2 men and anointed Agee president. Only two weeks later, Blumenthal got Carter's call and Agee became chairman...