Word: scherer
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Small enterprises serve as incubators of U.S. innovation. The National Science Foundation estimates that 98% of "radical" product developments spring from the research labs of small firms. "Why did the large employers allow the entrepreneurs to escape?" asks Frederic Scherer, an economics professor at Swarthmore College. "There is one story after another where superior ideas were rejected by the larger companies and disgruntled staff went out to found their own enterprises...
...ability of U.S. firms to compete internationally, some experts cite other factors besides stock-market pressure, like the cost of borrowing money, as reasons why American companies tend to focus on the short run. Says Frederic Scherer, an economist at Swarthmore College: "The cost of capital is higher for Americans, which means they have to show an earlier return on their investments. Cheap money allows the Japanese to take a longer view...
...first deaths from capsule poisonings were reported, companies said they would be developing tamper-resistant products. In the beginning, manufacturers focused on making the outside of the packaging more secure. For example, they placed tightly sealed plastic around the tops of the bottles. Later came other ideas. R.P. Scherer, a capsule manufacturer, developed a "soniseal" machine that uses sonic waves to weld the two pieces of a capsule together. Eli Lilly last year made available to U.S. manufacturers a similar technique. A band of gelatin is placed around the waist of the capsule, where the two pieces overlap. That makes...
...record of past big mergers is not very encouraging. In a study of acquisitions made between 1974 and 1982, Swarthmore Economist Frederick Scherer found that 40% failed to last. Some major deals made over the years turned into king-size turkeys. Gulf & Western, once among the largest and most acquisitive conglomerates, has sold in the past three years some $3.5 billion worth of properties acquired during the 1960s and '70s. These range from a cigar company to a former site of Madison Square Garden in New York City. Says Chairman Martin Davis: "I just don't think you can manage...
...keeping with his all-American image, Hudson, 59, was born in the heartland, in Winnetka, Ill. His mother was a telephone operator, and his father, Roy Scherer, was an automobile mechanic who left the family when his son was a child. When his mother remarried, little Roy assumed his stepfather's surname, Fitzgerald. After that, his boyhood was so normal and wholesome that one of his high school chums was later to recall, "It looked like apple pie and ice cream to me." Roy saw wartime service as a Navy airplane mechanic, then headed west to Hollywood. He had once...