Word: planted
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Dates: during 1960-1969
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...Mickelson, never went to college; others, like Arthur Decio and Charles Bluhdorn, impatiently dropped out of college in order to study in the marketplace. At the beginning of their careers, they lived lean, often taking shoestring salaries in order to pump profits back into their enterprises. In his first plant, Mickelson doubled as a floor-sweeping janitor. Many of them suffered at least one jarring failure in business, but showed a capacity to bound back unfazed...
...phrase is that it is in Bulgarian. Coca-Cola is about to enter Eastern Europe, where for years it was considered the very symbol of decadent capitalism. Under an agreement between Bulgaria's Communist government and Atlanta-based Coca-Cola, work has just started on a bottling plant in the Black Sea city of Varna that next June will begin producing the first Coke ever mixed behind the Iron Curtain...
After longtime partial ownership of its largest overseas plant, U.S. Ford assumed complete control of Dagenham in 1960, promised the government that Britons would continue to hold most of the jobs. They do, but no longer the key ones. Even at middle management levels, Americans are now responsible for engineering, styling, production, operating budgets and capital spending. Ford's board remains narrowly British by 7-6, but Stanley J. Gillen, an American, succeeded a Briton as managing director in July. In the past year, three directors and a dozen other British executives, all under 50, have quit Ford because...
...Detroit took control, it was faced with falling profits, a hopelessly hidebound pyramidal management and an inadequate pool of promising young British executives. To correct the situation, Ford rushed over some of its own bright young men, just as it had done without difficulty at the German Ford plant in Cologne. Some of the Americans are at Dagenham temporarily, will be sent on to other countries later...
...only the Americans' presence that seems to bother the British workers, but also the can-do attitudes that the Yanks display. When Ford bought up a pressed-steel plant at Swansea, the British waited skeptically to see how long it would take the Yanks to get it into production for Ford. They got a surprise: in an unheard of six months, three Americans got the plant rolling...