Word: norrisism
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William C. Norris was once fond of claiming that Control Data Corp., the company that he formed nearly 15 years ago, was destined to play Ford in the computer industry to IBM's General Motors. And indeed he put together with astonishing speed a company that by 1968 was...
Equally important, however, has been Norris' penchant to spend money faster than CDC could earn it. Norris, a 60-year-old former Univac general manager, has been determined not to pinch pennies in his drive to challenge IBM. Last year, in order to attract more business, he built six...
Dependent Parent. Undeterred, Norris is spending more money. Under a deal arranged two weeks ago with National Cash Register, CDC will spend $25 million on a joint venture that will design and manufacture peripherals and make the computers of both companies compatible. Norris contends that the joint venture will enable...
Norris has made one effective acquisition: in 1968 Control Data bought Commercial Credit Co. of Baltimore, a highly profitable financing, leasing and insurance operation. In 1970, even Commercial Credit's earnings could not keep Control Data in the black; whether they did so last year depends upon what write...
Ever since it first went to press 48 years ago, TIME has been a training school for a number of talented people who have gone on to other publications or different fields. Our first Washington correspondent, for example, was Henry Cabot Lodge, who since has had a memorable career in...