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...levels and force the state legislature to muster a four-fifths majority for income tax increases. It would also have required voter approval for all new levies. Opposing the proposition was an unusual coalition of critics, including Democratic Governor James Blanchard, the state's leading corporations (General Motors, Ford Motor and Chrysler), the AFL-CIO, educators and former G.O.P. Governors Wilham Milliken and George Romney. They helped persuade voters that the measure would have drastically shrunk state services, especially education...
...bank loses it database of accounts and names it will fail. If a company loses accurate track of its inventory and accounts receivable data is goes out of business. Terrorists can do severe damage to the nation by destroying several vital computers simultaneously. The Italian Department of Motor Vehicles, for example, still isn't sure who holds a drivers license as legal identification in Italy because its central database files were blown up anti government bombers in the late 1970s. A company near San Francisco lost $100,000 last year when a vengeful employee stole its data tiles, retreated into...
...most striking design shifts in modern automotive history, Ford Motor two years ago traded in its boxy styling for the rounded forms of its current new cars. The sleek redesign has been a hit in the showroom, and last week Ford named Donald Petersen, 58, who championed the new shapes, to succeed the retiring Philip Caldwell as chairman next Feb. 1. Executive Vice President Harold Poling, 59, will replace Petersen as president...
Corporate infighting and battles for succession have been common at Ford Motor. Henry Ford was forced to step down as head of the company at 82 after a bitter struggle, and Henry Ford II had trouble with several heirs apparent before he finally gave way to Caldwell in 1980. The Caldwell-to-Petersen move could be the first smooth transfer of power in Ford history...
Last week that close partnership came undone. Even as the United Automobile Workers union was celebrating the successful end of contract negotiations with the Ford Motor Co. and the ratification of another agreement with General Motors, its Canadian branch went on strike against GM. Blue-and-white picket signs went up in front of the Windsor transmission plant, just a short drive from GM's Detroit headquarters, as workers shut down all 13 Canadian GM plants...