Word: moved
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Dates: during 1960-1969
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Executives of Fantus Co. have helped so many companies find sites for new plants or offices that they have built the world's largest industrial location service. Last week they concluded that they have been in the wrong place themselves. They decided to move Fantus' headquarters out of Manhattan to South Orange, NJ.-following such firms as General Foods, American Can and PepsiCo, which have shifted large operations outside the city...
...attract middle-level executives to New York, because living costs average 40% higher than in, say, Dallas or Nashville and 12% higher than in Chicago, Los Angeles, Philadelphia and Detroit. He figures that in the next ten years, "advertising agencies, banks, brokerage houses and shipping companies will not move out, but it is likely that many of the others will...
...city's economic development administration has tried to dismiss Fantus' move as a publicity stunt. The administration's chief, D. K. Patton, a former Fantus vice president, suggests that Fantus thinks it can boost its business by persuading companies to relocate. Outside opinion tends to support Yaseen. The National Industrial Conference Board reports that the chiefs of some major companies are thinking of offering executives whom they try to lure to Manhattan a "New York cost-of-living differential...
...Move Them Up Fast. He will be a contrast to his predecessor, Rudolph A.. Peterson, who has reached the mandatory retirement age of 65. Peterson is gregarious; Clausen is reserved. In conversation, Clausen uses few gestures and speaks to the point without small talk, though an occasional boyish grin prevents his manner from seeming cold. He plans his day carefully during the half-hour morning train ride from his home in suburban Hillsborough, gets into the office by 8 o'clock. He says he makes decisions by listening carefully to all the facts that subordinates present and then...
Tawn's immediate strategy is to build the product's image by selling it through as many prestige outlets as possible and then move it heavily into drugstores. The only loser in this unlikely success story is Marsteller. Tawn executives last week switched the $500,000 account to Kane Light Gladney Inc., which is McKesson's ad agency...