Word: matsushita
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Amid the studiously reserved company men who usually head Japan's big corporations, Konosuke Matsushita, 85, has long been an outspoken exception. The son of a poor rice dealer, he founded the Matsushita Electric Industrial Co. as a three-person shop in 1918, built it into one of the world's largest producers of consumer electronic goods, and used his prestige to expound opinions on everything from nuclear power (he favors it) to the businessman's role as the servant of society. In 1973 he retired, but only to become more active in other fields. His earnest...
...Matsushita has preached for years that the 21st century belongs to Japan, but has been afraid that his country was not developing enough leaders to succeed the U.S. as the "center of human prosperity." The new school, into which Matsushita has already put $28 million of his "spending money," attacks the problem head on. Students are given free tuition, room and full board and a $600-a-month stipend. "I was determined to open this school even if there was but one applicant," said Matsushita in the inaugural address. There were, in fact, 907 applicants, but just 24 passed...
Cravalho, Matsushita Professor of Mechanical Engineering in Medicine at MIT and associate director of HST is one of the leading experts in the preservation of tissues at extremely low temperatures...
...addition, RCA has signed licensing agreements with nearly 20 Japanese and European companies, including Plessey in Britain and Matsushita in Japan. Of course, Magnavox, a subsidiary of North American Philips, has not been idle. Sony has a license to use Magnavox's videodisc technology, and the U.S. company also has a longstanding deal with MCA, the parent of Universal Pictures, to make its discs...
...competition is already sizable. Some 800,000 units are in use in the U.S., manufactured by Matsushita and eight or nine other companies in addition to Sony. The new Betamax now costs $1,250 ($900 at discount), but the price is likely to drop. It is an appealing gadget. Quite apart from its immediate use, taping programs the viewer might overwise miss, VTR cassettes can record for endless home reruns the occasional classic series such as Shakespeare's plays or historic news events like the saturation coverage of the Pope's visit to the U.S. And there...