Word: raytheon
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...convenience count more than cuisine. Many restaurants, hotels, motels, hospitals, factory cafeterias, railroad dining cars, snack bars and hamburger stands are now turning to high-speed electronic ovens -and the ovens are even being installed in vending machines that serve hot sandwiches. Such electronic giants as General Electric, Raytheon, Litton Industries and Tappan are in the field, competing with at least three smaller firms. Sales of the $6 million microwave-oven industry are still small, but will double this year and are expected by industry optimists to increase "several hundred percent" in the next ten years...
...Cabinet officers whip up a bit of enthusiasm. His message: get out there-away out there-and sell. The two-day White House Conference on Export Expansion was attended last week by some pretty good salesmen, including IBM's Thomas Watson Jr., RCA's David Sarnoff, Raytheon's Charles Francis Adams and Gillette's Carl Gilbert-all of whom paid $50 for the privilege of attending. But the President complained that U.S. businessmen often do not try hard enough to get their foot in the door when it comes to selling abroad. "American businessmen," said...
...security that attaches to a well-diversified company. But such giants as Jersey Standard admit that some executives frequently feel a sense of frustration in the big corporation. The chief lure of small companies is greater responsibility in a hurry. Says Boston's Norman Krim. who swapped a Raytheon vice-presidency for the presidency of a discount house called Radio Shack: "You can move fast in a small outfit, but in a big company you have to wait for six or eight people up ahead of you." Promotions are swifter in small companies because competition is weaker; ideas also...
...geared to the stock-market reaction, and people apparently lost their confidence. But that seems to be behind us now." Samuel A. Groves, president of Boston's United-Carr Fastener Corp., now sees the stage set for a move "pretty steadily-if slowly-upward." He is seconded by Raytheon Financial Vice President George Ingram Jr., who looks for "a gradual improvement this year...
...week, after interviewing more than 40 senior executives from every corner of the nation, Karr ended his talent quest. In as Fairbanks Whitney's new president and chief executive officer (at $115,000 a year) goes crew-cut George A. Strichman, 46, once director of manufacturing services for Raytheon Corp. and until last week president of the Kellogg division of the International Telephone & Telegraph Corp...