Word: maremont
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Automobile carburetors have little in common with the visionary paintings of Paul Klee, but Arnold Maremont is a devoted connoisseur of both. Mare mont, 59, is president of Chicago's Maremont Corp., a leader in the greasy, $7 billion business of making spare parts for old cars. Yet he runs his firm from a low ebony coffee-table desk, surrounded by modern paintings and chairs by Mies van der Rohe, is as elegant and impeccably dressed as if he were managing Tiffany's. All this seems to help: he has built Maremont's sales from $30 million...
...Scheme. Until five years ago, Maremont Corp. was almost exclusively a maker of auto mufflers. Looking for broader fields, Arnold Maremont noted that the auto spare-parts business seemed to offer depression-proof growth. The number of cars on the road increases by at least 4,000,000 every year, and spare parts move even when new-car sales falter, because motorists must spend more to keep their old cars running. Maremont also noticed that Detroit auto companies supplied only 30% of the parts, while thousands of independents producing a jumble of reliable and unreliable products fought over the rest...
...Most Happy Fella. A product spread that puts Maremont into items ranging from tail pipes to microwave antennas might seem too diverse to manage, but it suits the wide-ranging interests of the company's president. In addition to running 87-year-old Maremont, which was founded by his father, he has interests in paper and in a maker of Christmas-tree balls, has backed a Broadway musical (The Most Happy Fella), and owns a chunk of the Saturday Review. His collection of modern art contains Dubuffet, Braque, Leger, Gris, Pollock, Arp and Kline, is valued at more than...
Iris gave an open-palace party that was attended, if sometimes only briefly, by "everybody."' The next night, the Chicago collectors Mr. and Mrs. Arnold Maremont chartered a vaporetto to take 130 guests to dine on the island of Torcello. After dinner, a band was brought in and everyone did the twist, including British Sculptor Lynn Chadwick and René d'Harnoncourt, the chief dignitary from Manhattan's Museum of Modern...
...trend is a logical outgrowth of the deskless office. Since most executives want to show that they are policy thinkers who leave routine paperwork to underlings, desks have tended to disappear. Furthermore, explains Arnold Maremont, president of Chicago's automotive products firm, the Maremont Corp.: "A man sitting behind a desk is a man on horseback. He becomes a dictator." The same desire for informality applies in the board room. Abandoning the austere, paneled room built around a massive, no-nonsense board table, directors of more and more firms sit on upholstered chairs and comfortable couches, chat over...