Word: mckinseys
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...that epitome of capitalism, Marshall Field & Co., was hard-pressed enough to give a New Deal idea a try. Having lost $13,200,000 in the four previous years, the worried directors hired an ex-professor named James O. McKinsey to diagnose the case. Business Analyst McKinsey so impressed the directors that they soon made him chairman and absolute dictator of company policy (TIME...
Indefatigable Chairman McKinsey, who had never before held a corporate job, was nothing if not drastic. He lopped off the losing wholesale business entirely, along with 1,600 employes. He reorganized the management of Chicago's Merchandise Mart, each of whose first 19 floors contains six acres of floor space, much of it vacant. He consolidated the manufacturing division's 24 mills, marked out a sweeping program for it. About all he did not alter appreciably was Marshall Field's retail division, which had lost money only once in 50 years...
...Bristol-Myers Co. Among important U. S. market researchers: A. C. Nielsen Co.; Percival White and Pauline Arnold of Market Research Corp. of America; Ross Federal Research Corp.; Archibald M. Crossley of Crossley, Inc.: Paul Terry Cherington; George Gallup; Daniel Starch; Henry Charles Link of the Psychological Corp.; McKinsey, Wellington & Co.; Paul Lazarsfeld; Elmo Roper (FORTUNE Surveys); Barrington Associates; C. E. Hooper Inc.; Ford, Bacon & Davis; Facts...
...Margeson, Jr. announced his resignation as vice president of Marshall Field & Co. and general manager of the manufacturing division, effective Jan. 31. He came with Marshall Field & Co. in November, 1935 at the request of Mr. James O. McKinsey when Mr. McKinsey became chairman of the board of directors. Plans of the present Corporate Management call for material changes from the program and organization conceived by Mr. McKinsey...
...managerial innards of Marshall Field & Co. have recently been revolving like a seasick stomach. An efficiency expert called in after Field had lost $13,200,000 in four years. Chairman McKinsey fired many an entrenched executive, hired many an outsider, lopped off Field's wholesale 'business and put the company-back into the black. Last November he suddenly died. Last week, having waited for official confirmation of many rumors that Field's was purging the McKinsey policies and people, the Chicago Journal of Commerce headlined the Margeson resignation announcement FIELD'S TO MAKE SWEEPING CHANGES...