Word: overhauled
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Dates: during 1960-1969
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...remained low despite rising sales (now past $2 billion) is the top-heavy number of white collars on the electronics giant's payroll. No one saw the situation more clearly than sharp-eyed Donald C. Burnham, 49, a "productivity engineer" who was lured away from General Motors to overhaul Westinghouse production lines-and did his job so well that he was named president last July. To symbolize his economy-minded approach, he refused a presidential Cadillac in favor of his own Corvair; more significantly, Burnham centralized such operations as marketing, planning and styling, and eliminated more than...
...John Denby Allen, 76, longtime (1942-56) president and chairman of Chicago's Brink's Inc., biggest U.S. money mover ($300 billion a year), who directed repayment of the $1,200,000 in cash lost to customers in the 1950 Boston robbery, then ordered the intensive security overhaul that has precluded any sequel to that heist and, true to the new Brinkmanship, kept three pistols hidden in his office to the day of his retirement; following a heart attack; in Chicago...
Sorensen is not concerned with the executive machinery or with Utopian plans for its overhaul. He states his thesis simply: "the fundamental nature of the White House makes it inevitable that vital decisions, either many or few, will be made there, either by the President or with his consent, and that the same basic forces and factors will repeatedly shape these decisions...
...rulers can still keep the Soviet economy humming if they will vigorously seek a more comfortable and colorful life for its people. If, as seems likely, a consumer economy is to be its destination rather than-or even en route to-a Marxist Elysium, Russia will first have to overhaul and expand its archaic marketing and distribution systems. Almost certainly
Many businessmen and bankers, who consider Martin the very symbol of sound money, will lobby against attempts to rob him of authority or to pack the board. But Patman senses a widespread feeling that the whole Federal Reserve needs an overhaul, and he is confident of bucking through at least a few of his proposals. Much will depend upon whether his fellow Texan in the White House decides to press hard for the changes. Lyndon Johnson shares Patman's Populist dislike of tight credit, and is not as close to Bill Martin as John Kennedy...