Word: procters
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McElroy's own personal drive leaves no room for failure: years ago, as a very junior employee, he decided that he would one day become president of Procter & Gamble, imposed a strict discipline on himself, rammed straight to the top. His Pentagon job requires a sense of urgency, and Neil McElroy has always been a man in a hurry: he dresses fast ("He has broken more shoestrings than any other man in America," says a Cincinnati friend), walks fast ("You can't call a walk with Mac a stroll. It's more like a run"), drives fast...
...short-fuse temper and can use four-letter language that does not spell TIDE. As Defense Secretary he must walk the tightrope between sufficient defense and national extravagance; McElroy's own nature is such that he could, without batting an eye, decide to spend $30 million for Procter & Gamble to buy Clorox, yet at home in Cincinnati he long kept close personal tabs on the amount of gasoline his daughters bought...
...That l%." Above all else, Neil McElroy is an expert organization manager coming to a Washington job where only an organizer can make a dent. Cincinnati's Procter & Gamble is the company of the organization man. People do not work for Procter & Gamble; they live it. The work product of each employee is measured as carefully as the chemicals in a detergent formula. Superiority, not seniority, is the basis for promotion-and the basis on which Neil McElroy was named president...
...Says Procter & Gamble's Board Chairman Richard R. ("Red") Deupree: "Management today doesn't require specific skills. A successful manager has to have overall skill of management. It's something in you that wants to come out. Mac makes quick decisions. He makes 'em fast. No one can be right all of the time, but Mac is right a majority of the time. An executive has to be right just about all of the time. He is making maybe 100 decisions a day, but if he knows his business he won't have to think...
...Find Out. In 1925, planning to return for work at the Harvard Graduate School of Business Administration, McElroy took a $100-a-month summer job with Procter & Gamble. Says he: "I was a mail boy. That's where they tell you to open and read everybody's mail. It's one way of finding out what's going on." Ambitious, hard-driving Neil McElroy found out enough to realize that Procter & Gamble, with its incentives for the ambitious, hard-driving organization man, was the place for him. He never got to business school, instead stayed...