Word: plows
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Dates: during 1950-1959
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...success is pioneering research and a management that knows how to sell what it discovers. Board Chairman William McKnight, 67, and President Herbert P. Buetow, 56, both of whom worked up through 3M's ranks, are dedicated researchers who plow back 3? of every sales dollar into the search for new products. When an idea catches on, 3M helps customers think up new uses and puts its scientists to work on a whole family of related products. In 1934, 3M brought out a new electrical insulating tape with plastic backing that was such a hit the company soon expanded...
...constructive. When Wood invaded Pittsburgh, where Dave Lawrence's unpopular wage tax was a sitting duck, Wood ignored Lawrence, overlooked the burning issue. When Leader challenged him to a debate on the issues, Wood, who is also a farmer, responded with a challenge to a plowing contest. Leader replied that he would plow if Wood would debate. Wood dropped the whole thing. The G.O.P. gave Wood plenty of money (about $2,000,000), and much of this was used for TV, on which Wood made a poor impression...
...wanted to develop new products and processes and then get help from bigger companies to put them into production. On the financial side he believed that investors were more interested in growth industries and capital gains than a quick cash return; instead of paying dividends, his company would plow back its earnings into new projects that would pay off investors in capital gains as they grew. Both ideas have been so successful that Nation al Research has blossomed from a $50,000 investment into a $4,500,000 research company, with 150 patent applications and profitable tie-in agreements with...
With all its success, Physicist Morse's National Research Corp. has still to pay its first cash dividend to its 1,133 stockholders. Though profits this year should jump past the $800,000 mark with revenues of nearly $5,000,000, the company will plow 50% of its income back into research, use the rest for other projects. Morse's stockholders are not likely to complain. Since 1940, National Research's original 1,000 shares have been split 150 times. The stock now sells at $23.50 a share, making an original $1 investment worth...
Both parties have their own personalized stationery and organizations. The letter-heads are recognizable in a glance, but it takes an entire day to plow through the hierarchy of offices. The Democratic headquarters, for example, is listed on Bowdoin Street, which as it turned out, is a tricky way of saying nothing. At their central office a circling staircase led to a series of small signs promising political information just ahead. Inside the room numerous papers were cluttered about two prim ladies who were methodically dampening stamps...