Word: petersen
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Dates: during 1980-1989
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...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...
...these counselors, they just won't give up. This week they took us on a field trip to see a couple of "nonviolent" movies for kids. This one picture, Wolfgang Petersen's The Neverending Story, it's more like a movie for wimps. Here's this ten-year-old called Bastian, played by Barret Oliver, who's so weak he can't even screw the lid off a Welch's grape-jelly jar. Three bullies from school beat him up and make him jump in a trash bin. A total loser. Then...
...manufacturers are "housekeepers but not yet architects." More strategic thinking, more top talent and more development, he says, are needed. Detroit auto executives take exception to that. They insist they are no longer second to Japanese manufacturing in any way. "There is no manufacturing gap," says Ford President Donald Petersen. Echoes GM President F James McDonald: "There are no differences in the process. Most of the technology everyone uses was developed here...
When the heir urged Getty Oil Chairman Sidney Petersen, 53, and the company's directors to reconsider corporate strategy, he ran into resentment and resistance. "I was surprised at the antics of management," says Los Angeles Oil Analyst Craig Schwerdt. "It didn't seem possible for them to buck the wishes of Gordon Getty and get away with...
...lack of trying, though. When a July 1983 report by Goldman, Sachs favored a $500 million-a-year stock-repurchase plan as a way of boosting the company's market price, the Petersen-dominated board of directors rejected the idea because it would have increased the Getty family's stake to about 53%. Indeed, the board took just the opposite tack, deciding in early October to issue new shares that would dilute Getty's influence...