Word: mckinseys
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...ease the itch, 40 representatives of both the Pennsylvania and the Central have planned together for many months. They worked in neutral territory-offices of the consulting firm of McKinsey & Co. The first sessions were stiffly formal, but even though some Central executives fear that they will be frozen out of key jobs by their opposite numbers at the dominant Pennsy, the atmosphere soon thawed...
Marvin Bower, managing director of McKinsey & Co., a prominent management consulting firm, will be chairman of the new advisory committee...
...acquired Hermes Electronics Co. and Photostat Corp., it suffered a bad case of technological indigestion. Concerned by the loose management and by the 1961 loss, Walkowicz, with the 20% Rockefeller interest to protect, called for reinforcements. He prevailed on Frank Lindsay, a member of the management consultant firm of McKinsey & Co., to become executive vice president and help Leghorn revamp the company. Lindsay was a longtime friend of both Walkowicz and Leghorn, and as a former member of the Central Intelligence Agency was closely familiar with aerial reconnaissance and the idea behind Itek. A bitter power struggle broke out; Leghorn...
...invent that publication. To serve their high purpose, they had to sell their invention and make it an operating success. It was not easy. "In order to start TIME, we had to peddle stock to our friends and our friends' friends," Harry Luce recalled last week in the McKinsey Foundation Lecture at Columbia University. "We sold themwhen we did, and our sales were agonizingly few and far betweenon a sporting chance. We honestly believed, not without some evidence, that TIME would succeed. But of course the chance was one in ten, so they were putting...
...more and more knotty problems piled up on his desk. Van der Beugel in desperation called for advice from McKinsey & Co.. a Manhattan-based management consulting firm. The McKinsey report touched off a new storm. It blistered KLM's management for lack of planning and decried the top-heavy executive structure which included four executive vice-presidents and 22 vice-presidents. The report recommended a drastic streamlining of the upper executive echelons and the firing of 2,000 of KLM's 16,000-man work force...