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Lean at the Top. Under Managing Director Hakan Abenius, 60, a grave and quiet Swede who took over in 1948, the company is steadily branching out, has three plants abroad, and is now part of a consortium developing molybdenum deposits in Greenland. Last year Stora's sales were about $153 million, are expected to rise slightly this year. Despite its advanced age, Stora has avoided hardening of the arteries by keeping its upper echelon lean (only 16% of its staff are salaried white-collar workers v. 25% for the average Swedish firm) and its plants remarkably efficient...

Author: /time Magazine | Title: Sweden: The Oldest Corporation In the World | 3/15/1963 | See Source »

Hollow Threats. But strikes, and threats of strikes, carry less wallop than they used to as industry relies more and more on machines and finds itself overloaded with productive capacity. Strikers recently stayed out for six months at the big Climax Molybdenum mine in Colorado; but the company, using supervisory help and semiautomated gear, was able to produce up to 65% capacity. Even the worst strike of recent times made little dent in the company ledgers; in 1959, the year of the 116-day steel strike, steelmakers earned 7% more than...

Author: /time Magazine | Title: Labor: On the Defense | 1/25/1963 | See Source »

...favorable contracts with the Government. So far, the long hours of hearings have turned up only one minor conflict-of-interests case: that of Dr. John D. Morgan Jr., who was a consultant for the Office of Emergency Planning in 1957, at the same time that he represented Climax Molybdenum Co., which held a Government contract. The Government fired Morgan last week from his $50-a-day part-time consultant...

Author: /time Magazine | Title: Nation: Stockpile Spat | 6/8/1962 | See Source »

...more than 40 years Climax has nestled next to Bartlett Mountain, where the Climax Molybdenum Co. has blasted out the world's largest molybdenum* mine. But company-owned towns have gone out of fashion. Explains Mine Superintendent Edwin J. Eisenach: "It used to be the company had to provide housing to get men to take jobs at Climax. Now transportation is good, and people don't want to live right next to the mine anymore. They want a home of their own, and they don't want their children to lead a segregated life...

Author: /time Magazine | Title: REAL ESTATE: Down the Mountain | 8/22/1960 | See Source »

...slight John Galbreath, 63, who makes a specialty of buying company towns, sprucing them up and selling the houses back to the workers. Since 1941, Galbreath has revitalized and sold 17 company towns, including those of U.S. Steel, Westinghouse Air Brake Co. and Erie Mining Co. When the Climax Molybdenum Co. started having doubts about its town (dozens of employees had moved away), Galbreath moved in, bought the town of Climax for $1,500,000 and got ground near Leadville to set up a new community. He is selling the houses, moved from Climax, to former tenants for prices ranging...

Author: /time Magazine | Title: REAL ESTATE: Down the Mountain | 8/22/1960 | See Source »

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