Word: opels
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...another oil-supply crisis caused by the outbreak of war between Iran and Iraq had business leaders worried. This year, with only three weeks to go to the presidential election, and with Ronald Reagan still riding high in the polls, council members are feeling confident. Said IBM Chairman John Opel, whose company last week announced a 21.7% increase in profits for the third quarter: "1984 was a very good year for us, and we have a view of 1985 that essentially says more of the same." Added Harry Gray, chairman of United Technologies, whose subsidiaries (including Pratt & Whitney and Sikorsky...
...lead its competitive charge, IBM named a new chief executive. John Akers, 49, currently the company's president, will take the helm from Chairman John Opel on Feb. 1. Opel will be 60 in January, and IBM's leaders traditionally step aside at that age. Akers is a 24-year IBM veteran who started out as a sales trainee and moved up through marketing...
...will disclose to the details an automaker might provide tire manufacturers to make certain that their tires fit the wheels of the company's cars. IBM, for its part, was relieved to conclude the long-running dispute, which lifted a cloud from its European operations. IBM Chairman John Opel said the settlement satisfies the Community "without requiring us to make significant changes in the way we do business...
...likely to tie IBM more closely than ever to Europe's computer industry. The company provides about 100,000 jobs there, and last year it paid more than $1 billion in taxes, making it one of Europe's ten largest taxpayers. In a London speech last May, Opel promised substantial new investments after the suit was resolved...
...also helped turn classroom attention to the new manufacturing. Last summer it donated $50 million in cash and equipment to 20 colleges and universities to improve long-neglected programs in the field for both engineers and businessmen. Said Chairman John Opel at the time: "There can be no factories of the future unless there are universities of the future educating those people...