Word: mccolough
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...usual air of confidence, do not appear excessively worried by the new competitive threat. They note that the company has long expected the copier market to become quickly saturated, even though sales are still growing. Saturation, says Archie McCardell, Xerox's No. 2 executive, behind Chairman C. Peter McColough, "will happen but much more slowly than we thought...
...Peter McColough, LL.D., chairman of Xerox Corp...
...promising to fight "every aspect" of the FTC's case, Xerox Chairman C. Peter McColough saved his heaviest fire for the patent-giveaway idea. Said he: "What is being challenged here is the very basis of the patent system-the concept that an inventor should be awarded exclusive rights to his invention for a period of time." The Government has, in fact, challenged that idea a few times before. In the interest of promoting competition, General Electric was forced to pass out patented electrical know-how to competitors in the early '50s. But rarely if ever...
...strain has not yet told on Xerox's profits, which rose 18% above the 1971 period in this year's first six months, but Chairman C. Peter McColough recently warned securities analysts that profit gains in the second half will not be quite so large as Wall Street had been expecting. McColough frankly concedes: "We are not happy about what we have to do, but the simple truth is that we have no choice. If we do not do it [develop a computer-copier system], IBM will, and then we will be nothing more than a company that...
...November by a board of seven employees, only one of whom is a company officer. Applicants do not have to have permission from their bosses to apply, and any manager who claims that an employee cannot be spared will have to prove it to Xerox President C. Peter McColough. He is a socially conscious executive who has led the company into sponsoring controversial TV documentaries (including an eight-part series on blacks in America) and aiding black-owned businesses. McColough believes that the company's new program will attract more dedicated young workers to Xerox. "Many of our best...